Pine Oak Global Fund sold 1,019,007 shares of R&B Denims Limited for ₹6.92 Cr at ₹67.91 apiece in a bulk deal.
A manufacturer and seller of denim textile products, R&B Denims produces quality denim fabrics for both domestic and international markets. Incorporated in 2010, the company specializes in denim manufacturing with a focus on consistent product quality and reliable delivery. Operating as a significant player in India's textile industry, the company serves apparel manufacturers and brands across various customer segments and applications.
Pine Oak Global Fund is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has invested across sectors such as logistics, textiles, infrastructure, pharmaceuticals, and solar.
