RSWM to acquire spinning, knitting and processing businesses of Ginni Filaments

RSWM Ltd. signed a binding term sheet to acquire the spinning, knitting and processing undertaking of Ginni Filaments Ltd. in Mathura, India, for an enterprise value of INR 1.6 billion.

“RSWM Ltd., one of the largest manufacturers and exporters of value-added synthetic, mélange, blended spun yarns, denim fabric, knitted fabric, and green polyester fibers from India, has signed a binding term sheet with Ginni Filaments Limited for proposed acquisition of its Spinning, Knitting and Pr”indiantextilemagazine.in

• 3 sources
• indiantextilemagazine.inRSWM acquires Spinning, Knitting and Processing businesses of Ginni Filaments - The Textile MagazineMKPrabhakarDec 6, 2023
• worldoftechnicaltextile.comRSWM acquires Spinning, Knitting and Processing businesses of Ginni Filaments - Techtextiles & NonwovensThe Textile MagazineDec 6, 2023
• nonwovens-industry.comGinni Strikes Deal to Sell Spinning, Knitting Operations - Nonwovens IndustryBy: Karen McIntyre EditorDec 7, 2023

Summarized from public sources; check the original articles before acting on it.