Vardhman Polytex Limited
Pine Oak increased its stake in Vardhman Polytex Limited from 5.22% to 5.62%, an increase of 0.4%, taking its total shares to 2,71,58,832.
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.