# Grasim Industries acquires Soktas India Private Limited

Grasim Industries Limited signed a definitive agreement to acquire 100% equity of Soktas India Private Limited (SIPL) for an enterprise value of Rs.165 crore. SIPL operates a fabric manufacturing facility in Kolhapur, Maharashtra with a capacity of about 10 million metres per annum.

- Type: Acquisition
- Announced: 2019-03-05
- Where: Kolhapur, Maharashtra, India
- Value: $23.0M (165.0M INR)
- Status: announced
- Capacity: 10 million metres per annum
- Products: premium cotton fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Grasim Industries](https://endata.com/companies/9784.md) (acquirer)
- [Soktas India Private Limited](https://endata.com/companies/37774.md) (target)
- [SÖKTAŞ Tekstil Sanayi ve Ticaret A.S.](https://endata.com/companies/37775.md) (partner)

## Sources

- [adityabirla.com](https://www.adityabirla.com/en/media/press-releases/grasim-acquires-soktas-india-private-limited/), 2019-03-05: "The acquisition is in line with Grasim's linen business strategy to strengthen its presence in the premium fabric market."

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