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Suryavanshi Spinning Mills divests its entire shareholding in Fortune Eagle (HK) Trading

18 Mar 2013 Evaluate

Suryavanshi Spinning Mills has sold one fully paid up equity share of one Hong Kong Dollar which is 100% equity in Fortune Eagle (HK) Trading, Hong Kong. The sale proceeds of entire equity has been credited to the Company's account with State Bank of Hyderabad on March 15, 2013.

Consequent upon this disinvestment from March 15, 2013, Fortune Eagle (HK) Trading, Hong Kong ceased to be subsidiary of the Company. It is no longer a WOS of the Company as defined in notification FEMA dated July 07, 2004.

Suryavanshi Spinning Mills started its operations with spinning activity in 1978 with a spindle capacity of 1728 and steadily grown to a capacity of 100,000 by 2002. Over the years the management has acquired an in-depth knowledge on raw-material. They have also installed Evenness Tester Machine for testing of cotton for all parameters like strength, length of the fiber, etc.

Suryavanshi Spg Mill Share Price

17.38 0.00 (0.00%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.01
Filatex India 42.59
Nitin Spinners 417.20
Nahar Spinning Mills 240.90
Sanathan Textiles 439.35
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