Announced Fri, 21 Aug · 14:47 IST
RSWM incorporates JV LNJ NDS9 Global for denim facility
RSWM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹196.00
prior close
₹202.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0—+0.5+2.4——————————
Up moveDown movePending
AI summary
RSWM has incorporated its joint venture company LNJ NDS9 Global Private Limited with partner NDS9 Private Limited. The JV is for setting up a Denim Garment facility at an estimated project cost of about Rs 186.30 crore. RSWM holds 74 percent and NDS9 holds 26 percent in the JV. The JV has an authorised share capital of Rs 1 crore, with 10 lakh equity shares of Rs 10 each. This continues earlier disclosures dated August 5 and August 11, 2026.
Likely market impact
Positive diversification move into denim garments with RSWM retaining majority 74 percent control in the new JV entity.