Joint Venture6 Aug 2026, 02:50 pm
RSWM Ltd Forms Joint Venture for Denim Facility
AI Summary
RSWM Ltd announced the formation of a joint venture with NDS9 Private Limited to establish a denim garment facility. The project has an estimated cost of ₹186.30 crores, to be funded by a 30% equity contribution and 70% term loans. The JV company will be incorporated as LNJ NDS9 Global Private Limited and will become a subsidiary of RSWM Ltd upon incorporation. The company also approved its unaudited financial results for the quarter ended June 30, 2026.
Key Highlights
- RSWM Ltd enters joint venture for new denim garment facility.
- Project cost estimated at ₹186.30 crores.
- Funding mix: 30% equity, 70% term loans.
- JV company to be named LNJ NDS9 Global Private Limited.
- Unaudited financial results for Q1 FY27 approved.
Price Impact
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