Aastha Spintex is set to take over Falcon Yarns, a move that will more than double its spinning capacity from 7,700 MT to 17,457 MT and its spindle count from 25,920 to 61,824. The firm intends to use the ₹170 crore it gathered from its IPO to finance this purchase, aiming to drive expansion, improve operational performance, and foster lasting growth within the textile industry.

by shortkt.com✓

12 hours ago