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Filatex India acquires Ecosis Limited for Rs 13 Crore cash, a related-party deal. Proceeds fund Ecosis's polyester recycling project and loan repayment.
Filatex India Limited has invested Rs. 20.00 crore in its wholly owned subsidiary, Ecosis Limited. The investment involves acquiring 2,00,00,000 equity shares to fund recycling projects and working capital.
Filatex India Limited acquired a stake in Ecosis Limited for ₹10.0 Crore. The investment supports a polyester recycling project and ongoing working capital requirements.