21-Aug-2026 18:59:12
AXITA COTTON LIMITED : EXPRESSION OF INTEREST IN CIRP OF VARIDHI COTSPIN PRIVATE LIMITED
• Axita Cotton Limited submitted Expression of Interest (EOI) for participation in the Corporate Insolvency Resolution Process (CIRP) of Varidhi Cotspin Private Limited on August 21, 2026. • Varidhi Cotspin Private Limited is a manufacturer of cotton yarn with a spinning facility housing 29,184 spindles and a capacity of 4,442 metric tonnes per annum. • Axita Cotton Limited aims to acquire Varidhi Cotspin through the Insolvency and Bankruptcy Code (IBC) process. • The acquisition is expected to complement Axita Cotton's existing operations and support its long-term business expansion strategy in the cotton value chain. • This participation represents a strategic opportunity for Axita Cotton to expand its business operations and explore potential synergies in cotton and yarn manufacturing.
Axita Cotton Limited
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