GTN Industries has received an approval to sell Yarn Processing and Knitting business on slump sale basis as a going concern. The board of directors has approved for the same, however the said proposal, in due course, is subject to approval of shareholders, CDR, Lending Institutions and other statutory authorities as applicable.
GTN Industries is having vertically integrated manufacturing set-up to produce fine and superfine cotton yarns, grey knitted fabrics, gassed fabrics, organic fabrics, mercerized fabrics and life style garments. Its Double Mercerized Cotton offers a unique One Stop Shop to those looking for an operationally strong and reliable source.
