Intimation in relation to the acquisition of shares in M/s. Refectio Private Limited.
Price
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Awaiting price reaction for this filing.
Rose Merc Ltd's subsidiary, Moda Orama Ventures Private Limited, has acquired a 50% stake in Refectio Private Limited, making it an associate company of the Rose Merc group. The acquisition cost is just Rs. 50,000 in cash, as Refectio is a newly incorporated entity with no turnover or size details available. Refectio operates in the textile and apparel industry, focused on designing, manufacturing, and retailing clothing, fabrics, accessories, and related consumer products. The deal is not a related party transaction, and no government approvals were required.
Given the extremely small acquisition cost (Rs. 50,000) and that Refectio is a newly incorporated entity with no revenue, the immediate financial impact on Rose Merc is negligible. This appears to be an early-stage diversification move into the textile/retail space, and investors should watch for future capital infusion or business developments from this new associate company.