Kitex Garments Limited’s Board of Directors has approved the acquisition of Kitex Childrenswear Limited, pending regulatory approvals. This decision was made in a recent board meeting, reflecting the company’s strategy to expand its business operations.
As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has stated that it will take immediate steps to complete the acquisition while ensuring compliance with all applicable regulations.
Following this announcement, shares of Kitex Garments traded 1.31% higher at ₹474.35 on the NSE, indicating a positive response from the market to the acquisition news.
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