RSWM Limited (BSE:500350) signed a binding term sheet to acquire Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited (NSEI:GINNIFILA) for INR 1.6 billion on December 1, 2023. The Undertaking reported revenues of INR 6.3 billion for the financial year ending March 31, 2023. The transaction has been approved by the Board of Directors of RSWM and Ginni Filaments. Completion is subject to execution of definitive agreements and other closing conditions. RSWM Limited (BSE:500350) signed a Business Transfer Agreement to acquire Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited (NSEI:GINNIFILA) for INR 1.6 billion on January 24, 2024. Kalpit Khandelwal, Kshitij Gupta and Satwinder Singh of Aekom Legal acted as the legal advisor to Ginni Filaments.

RSWM Limited (BSE:500350) completed the acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited (NSEI:GINNIFILA) on February 16, 2024.