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RRIL gets nod to invest upto Rs 18 crore in Rishabrai Estate Developers

14 Mar 2023 Evaluate

RRIL has received approval to invest upto Rs 18 crore in Rishabrai Estate Developers (Group Company) engaged into ReaI Estate. Time period for completion of the acquisition is on or before June 30, 2023. The board of directors at its meeting held on March 13, 2023 has considered and approved the same.

RRIL has diversified its business into textile. The company has focused on trading in Textile fabrics, cotton yarns and undertakes redevelopment of residential properties in and around Mumbai.

Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 253.65
Arvind 498.55
Raymond Lifestyle 539.65
K.P.R. Mill 1167.20
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