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Prime Urban Development completes divestment of entire stake in PUNA

10 Dec 2024 Evaluate

Prime Urban Development India has completed transaction relating to divestment of its entire stake in foreign subsidiary company ‘Prime Urban North America INC.’ (PUNA). The company has received the full consideration and consequently, PUNA ceases to be the subsidiary of the Company with effect from December 9, 2024. 

Prime Urban Development India is the domestic supplier of cotton yarns to 100% EOU Fabric manufacturers also a domestic supplier of knitted undergarments to leading brands.

Peers
Company Name CMP
Vardhman Textiles 509.60
Welspun Living 241.05
Arvind 493.95
Raymond Lifestyle 531.80
K.P.R. Mill 1163.65
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