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Spentex approves Indo Rama stake purchase
Textiles
Spentex approves Indo Rama stake purchase
17 Feb '06
1 min read
Spentex Industries Ltd announced that it had decided to buy 14.99 percent stake in Indo Rama Textiles Ltd.
Recently, Bombay Stock Exchange (BSE) finalized a contract of 4.67 million shares worth Rs374 million with Indo Rama.
While Spentex shares grew nearly five percent to Rs56.30 at the BSE, Indo Rama's shares dropped 1.7 percent to Rs74.70.
More Spentex Industries Ltd News...
More Textiles News - India...
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