Filatex India Limited — JV/Acquisition, 06-05-2025: Acquisition

Filatex India has infused Rs. 19.98 Cr into its wholly owned subsidiary Texfil Private Limited by acquiring nearly 2 crore shares at Rs. 10 each. This capital boost will fund Texfil’s upcoming polyester textile recycling project, repay loans to Filatex, and support working capital. Texfil, set up in 2021 but not yet operational, marks a strategic move by Filatex into textile recycling, aiming to strengthen sustainability efforts and open new revenue avenues.