Updates on Acquisition of Ricon Textile Private Limited
RNBDENIMS · price
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R&B Denims Ltd has completed the acquisition of a 67% equity stake in Ricon Textile Private Limited for a total consideration of Rs. 3.35 crore. The acquisition is effective from April 01, 2025, and the payment was made on April 12, 2025. With this acquisition, Ricon Textile Private Limited has become a subsidiary of R&B Denims Ltd. This is an update to an earlier disclosure dated March 05, 2025.
The acquisition adds a new subsidiary to R&B Denims' portfolio, potentially expanding its textile business operations. The relatively modest deal size (Rs. 3.35 crore) suggests limited immediate financial impact, but it could strengthen the company's presence in the textile segment over time.