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CLC Industries transfers Pithampur Undertaking to Neo Stretch

15 Feb 2024 Evaluate

CLC Industries has entered into an agreement with Neo Stretch (Purchaser) to transfer Pithampur Undertaking on slump sale basis in accordance with the implementation of the Resolution Plan as approved by the Hon’ble National Company Law Tribunal, Principal bench, New Delhi vide its order dated May 12, 2023. The company has transferred Pithampur Undertaking on February 14, 2024. The consideration received from such sale/disposal is Rs 33 crore.  

CLC Industries (formerly known as Spentex Industries) is a textile company based in India. It manufactures cotton yarn, synthetic yarn cotton, and blended yarn.


CLC Industries Share Price

15.25 0.72 (4.96%)
04-May-2026 12:23 View Price Chart
Peers
Company Name CMP
Trident 26.26
Filatex India 45.33
Nitin Spinners 492.05
Nahar Spinning Mills 257.55
Sanathan Textiles 450.10
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