Nomura Singapore Limited acquires stake in Vaxtex Cotfab Limited

 

One of the prominent investment banking Company in Singapore, Nomura Singapore Limited has recently acquired a stake in Vaxtex Cotfab Limited, a National Stock Exchange listed company that is one of the leading textile manufacturing companies in India.

Nomura Singapore acquired 2.65 lakh equity shares in Vaxtex Cotfab Limited at an average price of Rs 35.6 per share. The stock was sealed in the 5 per cent upper circuit at Rs 35.60.

Speaking on the occasion, Promoters of VCL stated that, "We are gratified with this strategic alliance which has henceforth enabled us to amplify opportunities in the market, to raise our vista for the succeeding years. This is yet another stepping stone of the company which propels to the next stage of its growth path." Click Here

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