TEXTILES

Network Industries looking to raise up to $50M from PE investors, appoints banker

June 13, 2013 | Bhawna Gupta

Founded in 1953, the Kolkata-based firm specialises in knitted wear, woven wear and blended fabrics, and has a current turnover of around Rs 520 crore.

Scotts Garments withdraws IPO, second casualty of 2013

May 03, 2013 | TEAM VCC

This is the fourth year in a row when an IPO floated in the April-May period could not sail through.

Scotts Garments extends IPO duration, cuts issue price band

April 30, 2013 | Bhawna Gupta

This is the fourth year in a row when an IPO floated in the April-May period seems to be in trouble.

Canbank Venture Capital Fund invests $4.6M in Ashapura Garments

April 09, 2013 | Bhawna Gupta

Last year, too, the fund invested in the garments space and picked up 6.11% stake in Scotts Garments for $3.68 million.

Soma Textiles sells Baramati unit to GTN Engineering for $5.5M

April 02, 2013 | Bhawna Gupta

The deal value is more than the market cap of the firm.

Temasek sells 8.54% stake in Welspun Global

October 22, 2012 | TEAM VCC

Temasek sold the shares between Rs 38-43.5 per unit through its arms Dunearn Investments Mauritius and Baytree Investments Mauritius last week.

Temasek exits home textiles maker Welspun India with huge haircut

July 17, 2012 | Madhav A Chanchani

Temasek sold its 11.6% stake through its arms Dunearn Investments Mauritius and Baytree Investments Mauritius.

RIL puts iconic Vimal on the block

June 22, 2012 | TEAM VCC

Investment bank NM Rothschild given mandate to seek strategic partners or even a sale of the troubled textiles division.

Tatia Global buys 25% stake in Levi’s mass market denim brand franchisee in India

June 21, 2012 | Bhawna Gupta

Last year, Levi Strauss rebranded its mass-end casual wear brand Signature to Denizen.

L Capital to invest up to $182M in Raymond subsidiary

June 11, 2012 | SHRIJA AGRAWAL & SNEHA SHAH

The deal, likely to be announced soon, will be L Cap’s third investment in the country.

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