Acquisitions8 Jan 2026, 01:53 pm
Shine Fashions (India) Ltd. to Acquire M/s S K S Textiles Limited for Rs. 12.6058 Crores
AI Summary
Shine Fashions (India) Ltd. has approved the proposed acquisition of M/s S K S Textiles Limited through the IBC process. The acquisition, valued at Rs. 12.6058 Crores, is expected to strengthen operational capabilities, enhance product offerings, and support sustainable long-term growth and value creation. The target entity is a textile company with a manufacturing unit in Bhiwandi, Maharashtra, and has been facing financial stress leading to its current 'In Liquidation' status. Shine Fashions aims to integrate the target's specialized fabric ranges and scale its presence within the textile sector, making S K S Textiles Limited a subsidiary upon completion.
Key Highlights
- Strategic acquisition of M/s S K S Textiles Limited by Shine Fashions (India) Ltd.
- Acquisition valued at Rs. 12.6058 Crores.
- Expansion of Shine Fashions' footprint in the textile sector and product diversification.
- Strengthening operational capabilities and sustainable long-term growth.
- S K S Textiles Limited to become a subsidiary of Shine Fashions (India) Ltd.