Investment12 May 2026, 04:51 pm
Filatex India Invests ₹10 Cr in Ecosis Limited
AI Summary
Filatex India Ltd has acquired an additional 1,00,00,000 equity shares of Ecosis Limited, its wholly-owned subsidiary, for ₹10.00 crore. The shares have a face value of ₹1 each and were acquired at a price of ₹10 each. With this investment, Filatex India's total investment in Ecosis Limited reaches approximately ₹65 crores. The funds will be used to finance the ongoing Polyester Textiles Recycling Project, repay existing loans from Filatex, and meet working capital requirements. The transaction is a related party transaction conducted on an arm's length basis, with no interest from promoters or group companies. No regulatory approvals were required for the acquisition.
Key Highlights
- Filatex India acquires 1,00,00,000 equity shares of Ecosis Limited for ₹10 Cr.
- Total investment in Ecosis Limited reaches approximately ₹65 crores.
- Funds to support Polyester Textiles Recycling Project and working capital.
- Transaction is a related party transaction on arm's length basis.
- No governmental or regulatory approval is required for the acquisition.