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Garware Technical Fibres to acquire 26% stake in TP Bhaskar Renewables

17 Mar 2023 Evaluate

Garware Technical Fibres has entered into an Agreement with TP Bhaskar Renewables (TPBRL) to acquire 26% equity shares of TP Bhaskar Renewables. The proposed acquisition of Equity Shares in the TPBRL will enable the company to become Captive User of ‘Green Power’ i.e. Solar power generated by TPBRL under the Electricity Act 2003.

Garware Technical Fibres is engaged in manufacturing and selling various products such as Ropes, Twine, Yarn, Fishnet, Other Nets and Technical Textiles.

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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