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Arvind Technical Products Private Limited shall carry on the business of manufacturing and marketing of textile products.
The acquisition will further strengthen the omnichannel offering of Shiprocket, the company said.
Advanced Materials crossed Rs1000 crore mark during the year, and delivered EBITDA margin of 13%.
The Board has also approved the reappointment of Sanjay S. Lalbhai, Chairman and Managing Director (CMD) for a period of 5 years.
Volumes grew across all Textile segments as post-Covid demand stayed strong in both export and domestic markets.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.