Vardhman Textiles acquires balance stake in subsidiary VMT Spinning Company

VMT Spinning Company becomes 100% subsidiary of Vardhman Textiles

Vardhman Textiles announced that the Company has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China Limited (3.89%) in its subsidiary, VMT Spinning Company (VMT). The Company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.

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