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Mumbai, Feb 20

Vardhman Textiles Ltd has said that the company is holding 40.70 per cent equity shares of Vardhman Acrylics Ltd (VAL) and has further acquired 10.78 per cent and 3.04 per cent equity shares of VAL from its foreign collaborators, namely, Marubeni Corporation, Japan (MC) and Japan Exlan Company Ltd, Japan (EXLAN) respectively and accordingly the joint venture agreement with the foreign collaborators comes to an end.

– Our Bureau

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