Shine Fashions (India) Ltd. to Acquire M/s S K S Textiles Limited for Rs. 12.6058 Crores

Shine Fashions (India) Ltd. has approved participation in the proposed acquisition of M/s S K S Textiles Limited, a company in liquidation and being acquired through IBC Process. The acquisition, valued at Rs. 12.6058 Crores, is intended to achieve strategic synergies, expand the company's footprint in the textile sector, and provide exposure to a diversified range of fabrics. The acquisition is expected to strengthen operational capabilities, enhance product offerings, and support sustainable long-term growth and value creation. The target's operations are inherently aligned with Shine Fashions' long-term vision for market leadership in the fabric industry. The acquisition is subject to various statutory, regulatory, and judicial approvals and is expected to be completed within 6 to 12 months.