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Sanathan Textiles gains as its arm inks pact to acquire 26% stake in Serentica Renewables India 33

The primary objective of the acquisition is to secure long-term cost-effective supply of renewable power for the manufacturing operations of the SPPL

Sanathan Textiles is currently trading at Rs. 375.65, up by 1.80 points or 0.48% from its previous closing of Rs. 373.85 on the BSE.

The scrip opened at Rs. 375.70 and has touched a high and low of Rs. 382.80 and Rs. 371.70 respectively. So far 689 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.00 on 21-Jul-2025 and a 52 week low of Rs. 338.55 on 25-Mar-2025.

Last one week high and low of the scrip stood at Rs. 391.00 and Rs. 352.20 respectively. The current market cap of the company is Rs. 3170.64 crore.

The promoters holding in the company stood at 78.58%, while Institutions and Non-Institutions held 13.49% and 7.92% respectively.

Sanathan Textiles’ wholly owned subsidiary -- Sanathan Polycot (SPPL) has entered into a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA) to acquire 26% stake in Serentica Renewables India 33, a subsidiary of Serentica Renewables India, in tranches, for sourcing renewable power as a captive consumer for a contracted capacity of 32 MW.

The cost of said acquisition is Rs 48 crore, payable by SPPL towards acquisition of equity shares of the Serentica Renewables India 33. The primary objective of the acquisition is to secure long-term cost-effective supply of renewable power for the manufacturing operations of the SPPL. The aforesaid investment will allow SPPL to secure long term power supply in accordance with the Captive User Framework. It also aligns with the company’s sustainability goals, including reducing the emissions intensity of its operations, along with potential long-term energy cost optimisation.

Sanathan Textiles operates three distinct yarn business divisions - polyester yarns, cotton yarns, and yarns - for technical textiles and industrial applications. These divisions are currently managed under a single corporate entity.