Vardhman Polytex Limited
Pine Oak bought 25 lakh shares of Vardhman Polytex Limited for ₹1.39 Cr at ₹5.55 apiece in a bulk deal.
A manufacturer of cotton and blended yarns established in 1981, Vardhman Polytex produces high-quality textile products for diverse industrial and consumer applications. The company operates integrated facilities for yarn spinning and garment production, serving both domestic and international markets. Its vertical integration across the textile value chain allows for efficient production, quality control, and customization throughout its manufacturing operations.
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.