Soma Textiles & Industries inks BTA with GTN Engineering

02 Apr 2013

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.

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