# Regent Textile Mills to acquire Legacy Fashion for Tk83 crore

Regent Textile Mills will acquire 99% shares of Legacy Fashion Limited for Tk83.01 crore, using Tk80 crore from its IPO fund, as a new RMG project.

- Type: Acquisition
- Announced: 2020-10-20
- Where: Bangladesh
- Value: $9.80M (830.1M BDT)
- Status: announced
- Products: readymade garments
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Regent Textile Mills](https://endata.com/companies/50637.md) (acquirer)
- [Legacy Fashion](https://endata.com/companies/50638.md) (target)

## Sources

- [publisher.tbsnews.net](https://publisher.tbsnews.net/economy/stock/regent-textile-buy-own-entity-ipo-fund-147622), 2020-10-20: "The Board of Directors of the publicly listed Regent Textile Mills Ltd has decided to use its Initial Public Offering (IPO) fund to acquire 99% shares of its own entity, Legacy Fashion Limited, as a new RMG project."

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