# Grasim gains rights to manage VFY business of Century Textiles

Grasim will attain the right to manage and operate the viscose filament yarn business of Century Textiles and Industries Limited for 15 years, paying a commuted royalty of Rs. 600 crore and a refundable security deposit of Rs. 200 crore.

- Type: Contract
- Announced: 2017-12-13
- Where: India
- Value: $124.0M (8.00B INR)
- Status: announced
- Products: viscose filament yarn
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Grasim](https://endata.com/companies/28786.md)
- [Century Textiles and Industries](https://endata.com/companies/28787.md) (partner)

## Sources

- [insights.dsij.in](https://insights.dsij.in/article-details/articleid/23742/grasim-gains-rights-to-manage-vfy-business-of-century-textiles), 2017-12-13: "Grasim will attain the right to manage and operate the viscose filament yarn business of Century Textiles and Industries Limited for 15 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.