Brief: Rswm Signed A Binding Term Sheet With Ginni Filaments

RSWM

01/12/2023 12:34

Dec 1 (Reuters) - Ginni Filaments Ltd  GNNI.NS :
    * SIGNED A BINDING TERM SHEET ON DECEMBER 1 WITH GINNI FILAMENTS LIMITED
    * A BINDING TERM BINDING TERM FOR PROPOSED ACQUISITION OF ITS SPINNING,
KNITTING
AND PROCESSING UNDERTAKING IN MATHURA
    * DEAL FOR 1.60 BILLION RUPEES
    * CO NOT ACQUIRING ANY SHARES IN GFL PURSUANT TO PROPOSED TRANSACTION
    * PROPOSED TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN 90 DAYS OF
EXECUTION OF
BINDING TERM SHEET


Further company coverage:  GNNI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))