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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, part of the LNJ Bhilwara group, announced a foray into knitted fabric with a Rs 200 crore investment, including Rs 80 crore for a plant at its existing facility. The company plans total capex of Rs 700 crore over 2-3 years for new, upgradation, and debottlenecking projects.
Donear Group has acquired the Mayur Fabrics brand and the PV Suiting global distribution network from RSWM Ltd. This is Donear Group's third acquisition in three years, strengthening its portfolio of textile brands.
| Site | Largest | Latest |
|---|---|---|
| India | $93.0M | 2021-12-05 |