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The liquidator of Ashapura Intimates Fashion Limited has confirmed the successful sale of the company to Grow House Agro Ltd (GHAL) for a total consideration of INR 21.30 Crore. This follows a public auction held on December 21, 2024, under the Insolvency and Bankruptcy Code, 2016. GHAL deposited the earnest money on December 13, 2024, and has completed the payment timeline by transferring the balance sale amount to the liquidation bank account from January 7 to February 14, 2025. This development marks a significant turnaround in the prospects for the assets of Ashapura Intimates, providing GHAL with a new acquisition that could enhance its operational capacity and product offerings. Investors should watch closely for any strategic moves by GHAL to leverage this acquisition in the fashion segment.