Century Textiles and Industries Ltd forms JV company

Century Textiles and Industries Ltd has incorporated a Joint Venture Company namely, "BIRLA ADVANCED KNITS PRIVATE LIMITED" on 14th July, 2021 to foray into manufacturing of Man Made Cellulosic Fibre (MMCF) Knit Fabrics in partnership with Grasim Industries Limited (Grasim). The Company has today i.e. 15th July, 2021, also executed a Joint Venture Agreement with Grasim. Both the parties will subscribe 50% each in the paid up equity share capital of the aforesaid Joint Venture Company.

Shares of CENTURY TEXTILES & INDUSTRIES LTD. was last trading in BSE at Rs.712.9 as compared to the previous close of Rs. 710.75. The total number of shares traded during the day was 52322 in over 2063 trades.

The stock hit an intraday high of Rs. 716.7 and intraday low of 694.65. The net turnover during the day was Rs. 37015626.

Source : Equity Bulls

Keywords