CLC Global Ltd has plans to takeover the Rs400 crore Indo Rama Textiles.
Sources informed that the final decision will be taken soon.
Indo Rama is one of the largest producer-exporters in the synthetic blended yarn industry in India.
Over the years, the company has acquired 30 percent share of India's total exports of synthetic blended yarn.
CLC Global Limited, a New Delhi-based company, is one of India's largest suppliers of woven fabrics to the garment export industry.
This is largely through association with the leading fabric manufacturers of India like Vardhman Group, Nahar Group, The Arvind Mills, Bombay Dyeing and several others.
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