Globe Textiles (India) Limited — JV/Acquisition, 20-03-2025: Acquisition

Globe Textiles (India) Limited has completed the acquisition of 100% equity shares of Globe Denwash Private Limited for Rs. 170 per share, amounting to 28.1 lakh shares. Globe Denwash, with a net worth of Rs. 13.02 Cr and revenue of Rs. 42.61 Cr, specializes in garment washing and finishing. This strategic acquisition aims to enhance Globe Textiles' capabilities through state-of-the-art facilities and technology, while also securing environmental certifications. The move is expected to bolster operational efficiencies and market positioning, aligning with the company's growth strategy.