RRIL to acquire additional 25% stake in Sumati Spintex, taking holding to 75%

Listed Co AcquisitionStrategic Transactions View source PDF

RRIL · price

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₹17.78

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₹17.06

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AI summary

RRIL board approved acquiring additional 25% stake (up to 29,87,500 shares) in Sumati Spintex for up to Rs. 3.11 crores cash. Post-deal, RRIL holding in SSPL will reach 75%. SSPL manufactures yarn with FY25 turnover of about Rs. 148.4 crores. Related party transaction at arm's length price. No regulatory approvals needed. Completion targeted by September 30, 2026.

Likely market impact

Raises RRIL's control in yarn subsidiary SSPL to 75 percent for better integration. Small deal size of Rs. 3.11 cr limits material financial impact.