Pakistan, March 25 -- Sapphire Textile Mills Limited, a leading textile manufacturer in Pakistan, is expanding internationally by investing in RTS Textiles Group Limited, a UK-based company. RTS specializes in the production of workwear fabrics and operates globally. Sapphire Textile revealed this development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday.
The investment involves acquiring a minority shareholding in RTS Textiles. The deal is still subject to necessary regulatory and corporate approvals. Sapphire Textile may purchase shares directly or through a subsidiary. This partnership is expected to create synergies in manufacturing, marketing, and research, boosting exports from Pakistan.
Sapphire Textile Mills is a f...
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