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TT’s buyer withdraws MoU

10 May 2021 Evaluate

TT’s buyer i.e.; Resilient Cotspin has withdrawn their offer and accordingly memorandum of understanding (MoU) stands cancelled. Security deposit has been refunded to buyer. Now company is searching new customer for aforesaid assets and negotiation is going on with few prospective customers.

TT is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth at its units at Gajroula (U.P) and Avinashi (Tamil Nadu). TT is a progressive organization with sound investments in good quality systems and innovative marketing.

Peers
Company Name CMP
Vardhman Textiles 486.70
Welspun Living 219.20
Arvind 491.15
Raymond Lifestyle 479.30
K.P.R. Mill 1115.00
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