+917718880355

news

Winsome Yarns to sell stake in knitting unit

YarnsandFibers News Bureau 2014-01-13 16:15:00 – New Delhi

Winsome Yarns Ltd, a Chandigarh-based yarn manufacturing company said that it has mandated a Singapore-based merger and amalgamation (M&A) consultant to scout for a joint venture partner or strategic investor for its knitting division.

In the filing to the BSE, Winsome Yarns said that the discussions are in advanced stages of negotiation with two parties who intend to acquire majority stake in the knitting division of the company.

In May 2013, the firm had decided to undertake an internal restructuring in order to improve efficiency and achieve better financial management

Three years ago, Winsome had raised funding through a preferential allotment to both promoters and non-promoters.

Founded in 1990, Winsome Yarns is a part of Kolkata-based Winsome Group, offers raw white yarn, melange yarn, dyed yarn and knitwear. It’s a small cap public listed firm.

.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello