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RSWM buys 48 p.c. stake in Cheslind Textiles

NOIDA (U.P.): RSWM Limited (RSWM), an LNJ Bhilwara group company and an integrated player in the textiles sector, has concluded a transaction to acquire 48.17 per cent equity stake in Cheslind Textiles, a 100 per cent export oriented unit (EoU), manufacturing cotton yarn with its headquarters in Bangalore. RSWM will acquire the shares at Rs. 25 per share from the promoters of Cheslind Textiles for a total consideration of Rs. 27.80 crore.

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RSWM buys 48 p.c. stake in Cheslind Textiles

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