Rudra Ecovation Ltd has acquired 7,040,936 equity shares (20.02%) of Shiva Texfabs Limited for INR 150.50 Crore, paying INR 10.05 Crore as application money in a transaction described as arms length due to common promoters. Shiva Texfabs, operating in the textile industry, reported revenues of INR 50,444.12 Lakhs for 2022-23 and INR 41,085.50 Lakhs for 2023-24.