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Grasim to acquire Soktas India
Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments, as of the closing date.
Gujarat okays subsidy for Nandan Denim
Nandan Denim Limited (NDL), India’s largest denim fabric manufacturer announced that the application made by company for sanction of various incentives (Interest, Power, VAT / GST) under Gujarat State Textile Policy, 2012 has been approved.
Arvind FY17 net profit falls
Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.
Arvind’s new ready-to-wear brand
Arvind Ltd, one of the leading textile manufacturers in India, launched ready-to-wear menswear under the brand Arvind.
Zodiac Clothing Company Ltd has reported net sales/income from operations of Rs 102.32 crore for the quarter ended September 30, 2013 against Rs 78.21 crore for the quarter ended September 30, 2012.
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