RRIL has received approval to additionally acquire up to 29,87,500 equity shares of Rs 10 each of Sumati Spintex (SSPL) from the existing shareholders, amount aggregating up to Rs 3.11 crore representing up to additionally 25% of the paid-up capital of Sumati Spintex. Further with the aforesaid acquisition the total shareholding of company in SSPL will reach 75%. The acquisition is expected to be completed by September 30, 2026. The objective of acquisition is to further strengthen greater control for better integration of business activities.
The Board of Directors of the company at its meeting held on July 11, 2026, has approved the same.
RRIL is engaged in the activities of Textile Products and Real Estate Development. The Company develops residential, commercial, retail and social infrastructure projects.
