Rose Merc’s subsidiary, Moda Orama Ventures, acquired a 50% stake in newly formed textile company Refectio Private Limited for ₹50,000 in cash. Refectio will focus on textile manufacturing, retail, and brand management, expanding Rose Merc’s footprint in the sector. The deal is not a related party transaction.
Rose Merc Limited has announced that its subsidiary, Moda Orama Ventures Private Limited, has acquired a 50% stake in Refectio Private Limited, a newly incorporated textile company, for a cash consideration of ₹50,000. This strategic move positions Refectio as an associate company of the Rose Merc group, signaling the group’s intent to deepen its presence in the textile sector.
Rose Merc’s latest acquisition marks a significant expansion into the textile industry. Refectio Private Limited, a new entrant in the market, is set to operate across the entire textile value chain—designing, manufacturing, and retailing clothing and apparel, as well as consumer products. The acquisition is not classified as a related party transaction, as neither the promoters nor group companies hold any interest in Refectio.
Notable Updates
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Moda Orama Ventures Private Limited, a subsidiary of Rose Merc, acquired 50% of Refectio Private Limited for ₹50,000 in cash.
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Refectio is newly incorporated and will focus on manufacturing, retailing, and distributing textiles and apparel.
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The acquisition is not a related party transaction; promoters and group companies have no prior interest in Refectio.
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Refectio aims to establish, promote, and manage multiple brands and outlets for textiles and fashion accessories.
Major Takeaways
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The move aligns with Rose Merc’s strategy to diversify and strengthen its portfolio in the textile sector.
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Refectio will operate in all segments of textile manufacturing, retail, and distribution, with plans to expand into multiple brands.
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The modest acquisition cost reflects Refectio’s nascent stage, with future value expected to grow alongside its market presence.
Important Points
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Refectio’s business covers the full spectrum of textile activities, including design, manufacturing, retail, and agency for various brands.
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The acquisition is structured as a cash deal, with no share swap involved.
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Refectio is based in India and will operate exclusively in the domestic market for now.
Source: NSE Corporate Announcement, Business Standard, Moneycontrol, Scanx Trade