13 Oct 2025 | 5 Mins Read
Aditya Birla Real Estate sells knit assets to RSWM for ₹54 crore
Flipitmoney
Aditya Birla Real Estate Ltd's joint venture, Birla Advanced Knits Private Ltd (BAKPL), closed operations at Jhagadia in Gujarat after selling plant and machinery to RSWM Ltd for ₹54.11 crore. The sale ended the knit fabric business due to non-viability. BAKPL's equity investment was ₹114 crore, written off in FY2024-25, with shares of Aditya Birla Real Estate Ltd down 0.98% on the BSE.