Aastha Spintex has acquired 100% of the equity share capital of Falcon Yarns for a consideration of Rs 131.51 crore. Falcon has become a wholly owned subsidiary of the company. Falcon is primarily engaged in the manufacturing and finishing of hosiery combed cotton yarn and other cotton products.
The acquisition is aimed at growing and expanding the company’s business. The acquisition will significantly enhance its production capacity, broaden its customer base, and strengthen its order book, thereby driving revenue growth and improving operational efficiency.
Aastha Spintex is engaged in the business of manufacturing and trading of cotton products. It offers a wide range of contamination-controlled yarn counts for weaving and knitting end-use. Since its inception, it has been committed to pushing boundaries and setting new standards in the world of textiles.
