Aditya Birla Real Estate announces its joint venture, Birla Advanced Knits Private Limited (BAKPL), will sell its plant and machinery to RSWM Limited for ₹54.11 crores. The sale agreement was reached on October 13, 2025, resulting in the closure of the joint venture’s operations. The investment of ₹114 crores was provided in the financial year 2024-25.
Asset Sale Agreement
Birla Advanced Knits Private Limited (BAKPL), a joint venture of Aditya Birla Real Estate and Grasim Industries Ltd., has entered into an agreement on October 13, 2025, to sell all its plant and machinery to RSWM Limited (Buyer) for a cash consideration of ₹54.11 crores.
Closure of Operations
The sale of assets will result in the complete closure of BAKPL’s business operations.
Financial Details
The equity investment of Aditya Birla Real Estate in the Joint Venture is ₹114 crores, which was provided in the last financial year, 2024-25.
Reason for Closure
The closure of operations is attributed to the non-viability of the knit fabric business due to economic disadvantages and high operational costs. BAKPL has discontinued its business operations following the asset sale agreement.
Source: BSE
