Parmeshwari Silk Mills Ltd to invest in Harappa Textile Mills Pvt Ltd

The Board of Directors of Parmeshwari Silk Mills Limited at their meeting held on Tuesday, January 02, 2024, (commenced at 03:00 P.M. & concluded at 03:50 P.M.) had approved to make a strategic investment of approximately INR 2,55,39,780/- in Harappa Textile Mills Private Limited and subscribe to equity shares equivalent to 99.96% of the issued and paid-up equity capital of Harappa Textile Mills Private Limited.

The Company is engaged in the business as manufacturer of, buying, selling, importing, exporting and acting as wholesale and retail dealers, marketers, traders, principals, agents, licensees or as Franchise of and dealing in Textile goods and accessories.

Rs. 2,55,39,780/- (Rupees Two Crore fifty five lakh thirty nine thousands seven hundred eighty only) @Rs.51.10 per equity share is the cost of the above acquisition.

Source : Equity Bulls

Keywords

ParmeshwariSilkMills Investment HarappaTextileMills