Alltex Fabrics Limited agreed to acquire Alltex Industries Ltd. (DSE:ALLTEX) on January 21, 2016. Under the terms of the agreement, Alltex Fabrics Limited will issue 0.3 share for 1 share of Alltex Industries Limited. The deal is subject to approval of Supreme Court of Bangladesh, approval by shareholders of Alltex Industries and approval from all legal/regulatory authorities.

As of January 23, 2016, Board of Alltex Industries Ltd. approved the transaction. The shareholder meeting of Alltex Industries will be held on March 19, 2016.