RRIL finalizes Sumati Spintex acquisition, expands associate companies
RRIL Limited announced on December 27, 2025, the successful completion of its acquisition of Sumati Spintex Private Limited. The acquisition, initially disclosed on August 12, 2025, involved a total of 50.00% shareholding in Sumati Spintex.
The acquisition comprised two main components: 3,705,000 equity shares of INR 10 each, representing 31.00% acquired from existing shareholders, and 2,270,000 equity shares of INR 10 each, representing 19.00%, acquired by RRIL's wholly-owned subsidiary, Raj Rajendra Industries Limited. This move establishes Sumati Spintex Private Limited as an "Associate Company" of RRIL.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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