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WL Ross in talks with Shandong Ruyi to sell entire stake in OCM India

Related Keywords: currently in talks with, global distressed assets, jacket suiting materials, known for its tweed, manufacturing facility in Amritsar in Punjab, OCM India Pvt. Ltd, sell its entire stake in textile maker, Shandong Ruyi Group, special situations investor, textile manufacturer and forayed into worsted fabric, WL Ross and Co. Llc

WL Ross and Co. Llc, global distressed assets and special situations investor are currently in talks with Chiina’s Shandong Ruyi group to sell its entire stake in textile maker OCM India Pvt. Ltd. The talks are at the term-sheet stage. If they prove to be conclusive, the deal is likely to be finalized in the coming weeks. The size of the transaction was not immediately known.

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