Investment24 Sept 2026, 10:13 pm
Filatex India Invests ₹20 Cr in Wholly Owned Subsidiary Ecosis
AI Summary
Filatex India Ltd announced on September 24, 2026, an additional investment of ₹20 crore in its wholly owned subsidiary, Ecosis Limited. This investment comprises the acquisition of 2,00,00,000 equity shares at ₹10 each. The total investment in Ecosis Limited now stands at approximately ₹85 crore. The funds will be utilized for the Polyester Textiles Recycling Project, repayment of loans from Filatex, and working capital requirements. This transaction is between related parties (company and its wholly owned subsidiary) and is conducted on an arm's length basis. No governmental or regulatory approvals are required.
Key Highlights
- Filatex India invested an additional ₹20 crore in Ecosis Limited.
- Total investment in Ecosis now reaches approximately ₹85 crore.
- Funds will support a recycling project, loan repayment, and working capital.
- Transaction is between related parties on an arm's length basis.
Price Impact
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