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Aastha Spintex to acquire Falcon Yarns to expand manufacturing capacity
Aastha Spintex has acquired Falcon Yarns to significantly expand its manufacturing capacity. This strategic acquisition will increase the company's spinning capacity to over seventeen thousand metric tons. The combined entity will possess a spindle capacity exceeding sixty-one thousand spindles. This expansion aims to meet rising customer demand and improve operational efficiencies. The deal strengthens Aastha Spintex's position in the cotton yarn industry.
Newly listed textile stock Aastha Spintex eyes capacity expansion through Falcon Yarns acquisition - livemint.com
Newly listed textile stock Aastha Spintex eyes capacity expansion through Falcon Yarns acquisitionlivemint.com
Newly-listed Aastha Spintex shares hit 5% lower circuit, down nearly 10% from IPO price
Aastha Spintex hits 5% lower circuit at Rs 123.19 after weak IPO listing at 4.41% discount.
Aastha Spintex shares hit 5% upper circuit on announcing fresh acquisition
Aastha Spintex recently completed its Rs 170 crore initial public offering (IPO) and was listed on the exchanges on July 6.