# SVG Group acquires Raj Rayon Industries, plans Rs. 600 crore investment

SVG Group acquired Raj Rayon Industries Ltd. and plans a Rs. 600 crore investment in capacity expansion, aiming for a turnover of INR 2900 crore.

- Type: Acquisition
- Announced: 2024-07-31
- Where: India
- Value: $72.0M (6.00B INR)
- Status: announced
- Products: textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Raj Rayon Industries Limited](https://endata.com/companies/16137.md) (target)
- [SVG Group](https://endata.com/companies/78899.md) (acquirer)

## Sources

- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/category/expansion/), 2024-07-31: "In a landmark move, SVG Group’s acquisition of Raj Rayon Industries Ltd. has set the stage"
- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/category/corporate-news/), 2024-07-31: "In a landmark move, SVG Group’s acquisition of Raj Rayon Industries Ltd. has set the stage"

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