Textile company sees significant move by global firm

The company is a leading raw cotton manufacturer and exporter in the country. It also produces cotton bales and cotton seeds. 

Textile company sees significant move by global firm
The company is a leading raw cotton manufacturer and exporter in the country. It also produces cotton bales and cotton seeds. Image Source: Pixabay

Gujarat-based textile firm firm is hoping for a significant inflow amid Foreign Institutional Investor (FII) activity. 

Singapore - Nav Capital VCC-Nav Capital Emerging Star Fund has announced acquisition of a stake in Axita Cotton. This significant move has garnered considerable attention.

It is a manufacturer and exporter of raw cotton.. It had already made headlines with its recent announcement of a buyback. 

The company is a leading raw cotton manufacturer and exporter in the country. It also produces cotton bales and cotton seeds. The company already supplies materials to several European and eastern markets including China and Vietnam.

Earlier, the company had secured a major order from Bangladesh.

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Updated: Wed, Jun 21, 2023
11:52 PM IST
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