Shlokka Dyes Ltd Acquires Equinox Impex Business in Strategic Slump Sale
Shlokka Dyes Limited has acquired the business undertaking of Equinox Impex (EI), a sole proprietorship firm, through a slump sale. The acquisition is aimed at consolidating promoter group interests, improving operational efficiency, and enhancing market access within the textile and chemical industry.The transaction, completed on 31 July 2026, involved an aggregate cash consideration of Rs. 3,67,49,248.90. This amount comprised Rs. 2,23,24,031.81 towards the business undertaking excluding the trademark and Rs. 1,44,25,217.09 allocated for the trademark asset.The acquisition is a related party transaction, as Mr. Vaibhav Pravinchandra Shah, the Managing...