Acquisitions27 Dec 2025, 02:21 pm
RRIL Ltd Successfully Completes Acquisition of Sumati Spintex Private Limited
AI Summary
RRIL Ltd has successfully completed the acquisition of 50.00% shareholding of Sumati Spintex Private Limited. This was achieved through the acquisition of 37,05000 Equity Shares of Rs.10 each equivalent to 31.00% from existing shareholders and 22,70,000 Equity Shares of Rs.10 each equivalent to 19.00% held by the Wholly Owned Subsidiary company, Raj Rajendra Industries Limited. With this acquisition, Sumati Spintex Private Limited has become an 'Associate Company' of RRIL Ltd.
Key Highlights
- RRIL Ltd has successfully completed the acquisition of 50.00% shareholding of Sumati Spintex Private Limited
- The acquisition was made through two routes: acquisition from existing shareholders and acquisition from the Wholly Owned Subsidiary company
- The total number of Equity Shares acquired is 62,75,000
- Sumati Spintex Private Limited has become an 'Associate Company' of RRIL Ltd with this acquisition
Price Impact
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