Rajapalayam Mills to sell assets of Tissue Culture Division

27 May 2013

Rajapalayam Mills has received an approval for the proposal to sell, lease or otherwise dispose the assets of the Tissue Culture Division viz., Shri Ramco Biotech subject to the consent of the Members of the Company under section 293 (1) (a) of the Companies Act, 1956 through Postal Ballot.

The board of directors at its meeting held on May 27, 2013 has approved for the same.

Rajapalayam Mills is engaged in manufacture and sale of yarns. It is one of the most advanced textile mill in the country and is setting the industry standard for quality and price for many years. Rajapalayam Mills is the first in the country to acquire an Open End Spinning machine in early eighties.

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