Bengaluru, July 10 -- The shares of this textile stock are in focus after the company announced that Roadway Solutions and other PACs will acquire a stake in it through an open offer. In this article, we will dive deep into the details.

With a market capitalisation of Rs 178 per share, the shares of Soma Textiles & Industries Ltd are currently trading at Rs 54 per share, down by 17.41 percent from its 52-week high of Rs 65.39 per share. Over the past five years, the stock has delivered a robust return of 1,825 percent.

Soma Textile, through a stock exchange filing, announced that the shares of the company will be acquired by Roadway Solutions India Infra Ltd along with Ameet and Teja Gadhoke.

They have signed a deal to buy a 74.98 per...