Axita Cotton Submits EOI For Varidhi Cotspin CIRP Acquisition

Axita Cotton submitted an expression of interest to acquire Varidhi Cotspin through CIRP, targeting a 29,184-spindle cotton-yarn facility with approximately 4,442 MTPA capacity in Gujarat. The proposal would expand Axita’s cotton value-chain presence, but no bid value, funding details, or definitive acquisition terms were disclosed. Context: expansion amid pressured operating scale and cash conversion.