NIBE has signed definitive agreement on November 01, 2023, to acquire 5% stake in Anshuni Commercials (Anshuni). 5% stake is to be acquired immediately post execution of share purchase agreement at a total cash consideration of Rs 10,20,000.
NIBE (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. These products are offered in various designs as per customer requirements.