GTN Industries gets nod to sell yarn processing and knitting units

16 Jul 2013

GTN Industries has received its board’s approval to sell Yarn Processing Unit (YPU) and Knitting Unit on slump sale basis as a going concern subject to approval from shareholders, CDR, lenders and other Statutory Bodies etc.

The required approvals as per the provisions of Section 293(1) (a) and 192(A) will be complied through postal ballot process. The company’s board gave the approval for the same at the meeting held on July 12, 2013.

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.

Related GTN Industries Ltd. Links:

GTN Inds Share Price

10.67 0.00 (0.00%) Feb 24, 18:55
1 Year Price Chart
Peers
Company Name CMP
Trident 14.02
Filatex India 67.95
Sutlej Textiles&Inds 42.75
Nahar Spinning Mills 84.00
Nahar Ind.Enterprise 47.00
View more..
Sensex vs GTN Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback