Corporates

Siyaram Silk Mills Raises Buyback Price, Shares Surge 8%

September 17, 2023

Shares of Siyaram Silk Mills saw an 8% jump on September 15, driven by the company’s decision to raise the share buyback price to Rs 720 per equity share, up from the initial Rs 650. However, the company revised its buyback quantity to a maximum of 14,99,992 fully paid-up equity shares,

Corporates

Welspun Selects dentsu X As Media Partner To Elevate Brand Strategy

September 17, 2023

Welspun, a global home textiles leader, has selected dentsu X, the data and tech-driven agency from dentsu India, as its media partner. This decision follows a rigorous multi-agency pitch and will be managed from dentsu X’s Mumbai office. Under this partnership, dentsu X will leverage its talent pool to provide innovative solutions aimed at enhancing […]

Corporates

Elvaston Capital Integrates Datatex & Setex Into Holding Company

Textile Insights September 16, 2023

Elvaston Capital which acquired majority stakes in Datatex and Setex has integrated these two companies into a holding company, Textile Solutions Group, which will specialise in IT solutions for the textile sector. The holding company will expand with new acquisitions, to become a benchmark and standard for digital solutions by fully integrating all manufacturing and […]

Corporates

Santoni Shanghai Acquires Knitting Machine Manufacturer Terrot

Textile Insights September 13, 2023

Shanghai based Santoni Shanghai Knitting Machinery, which has been founded and wholly owned by Italy’s Lonati family, has acquired Terrot GmbH, a German manufacturer of circular knitting machines. “This acquisition is in tune with Santoni Shanghai’s long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry,” the

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Corporates

Balkrishan Sharma Joins RSWM Limited as Yarn Business Head and CEO

September 11, 2023

In a significant industry move, renowned textile leader, Balkrishan Sharma has been appointed as the Business Head and Chief Executive of Yarn Business at RSWM Limited, effective today, September 11th, 2023. Mr. Sharma’s tenure with Ginni Filament Limited concluded on September 9th, marking the beginning of his new leadership role at RSWM Limited. RSWM Limited, […]

Corporates

PDS Ltd Launches Solar Power Plant And 2023 Sustainability Report

September 10, 2023

PDS Limited has announced two significant sustainability milestones in alignment with the company’s commitment to fostering a more eco-friendly fashion value chain. The company has launched a solar power plant at its manufacturing unit, Green Smart Shirts Ltd (GSSL) in Bangladesh and unveiled the third edition of its annual Sustainability Report. The solar power

Corporates

Prismx Global Ventures Secures Rs 85 Crore Textile Order From France

September 10, 2023

Prismx Global Ventures Ltd, a renowned textile trading company listed on the Bombay Stock Exchange (BSE), has made headlines by securing a substantial textile order from France, reaffirming its industry leadership. The company secured order valued at a remarkable Rs 85 crore. This achievement not only showcases the company’s prowess in winning substantial

Corporates

Kewal Kiran Raises K-Lounge Stake With Rs. 3 Crore Investment

September 10, 2023

Kewal Kiran Clothing Limited, a leading player in the fashion industry, has announced its latest strategic move to bolster its subsidiary, K-Lounge Lifestyle Limited. On August 31, 2023, Kewal Kiran Clothing Limited subscribed to an additional 30,00,000 equity shares of K-Lounge Lifestyle Limited, valued at Rs. 3,00,00,000/-. These new shares were issued through a rights

Corporates

Karl Mayer Expands Global Presence With New Subsidiary In Turkey

September 10, 2023

Karl Mayer, a global leader in textile machinery and solutions, announced the official opening of its subsidiary in Turkey, a strategic move aimed at strengthening its presence in this dynamic market. The establishment of a subsidiary in Turkey marks a significant milestone for Karl Mayer, reflecting the company’s commitment to being closer to its customers […]