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Soma Textiles & Industries inks BTA with GTN Engineering

02 Apr 2013 Evaluate

Soma Textiles & Industries has signed the Business Transfer Agreement (BTA) with Messrs GTN Engineering (India) for sale of the Baramati Unit undertaking of the Company on Slump Sale Basis at a Lump-Sum consideration of Rs 29.80 Crore.

Soma Textiles & Industries produces wide range of shirting and bottom-wear categories in 100% cotton, polyester cotton blends and poly-cottons. It provides these finished fabrics in piece dyed, bleach and ready to dye (RFD) varieties. These fabrics are manufactured in plain, twill, satin weaves and various dobby designs.

Peers
Company Name CMP
Redington 328.50
Adani Enterprises 2706.00
Amrapali Industries 34.77
Maxgrow India 175.30
Rashi Peripheral 674.15
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