# 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.

- Type: Acquisition
- Announced: 2023-12-06
- Where: Mathura, India
- Status: announced
- Products: spun yarns, denim fabric, knitted fabric, green polyester fibers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [RSWM Ltd](https://endata.com/companies/57421.md) (acquirer)
- [Ginni Filaments Ltd.](https://endata.com/companies/74236.md) (target)

## Sources

- [indiantextilemagazine.in](https://www.indiantextilemagazine.in/rswm-acquires-spinning-knitting-and-processing-businesses-of-ginni-filaments/), 2023-12-06: "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"
- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/rswm-acquires-spinning-knitting-and-processing-businesses-of-ginni-filaments/), 2023-12-06: "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"
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/ginni-strikes-deal-to-sell-spinning-knitting-operations/), 2023-12-07: "The acquisition broadens RSWM’s reach, making it a significant player in the spinning and knit fabric sector by strengthening its production capacity."

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