SEL Manufacturing Company has received its board’s approval to raise funds by way of issue of securities, including Global Depositary Receipts (GDRs) and/or American Depositary Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), Qualified Institutions Placement (QIP) under Chapter VIII of the SEBI ICDR Regulations or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc., convertible into equity shares, in one or more tranches, in Indian or Foreign Market(s) as applicable, whether optionally or otherwise or any combination thereof up to an aggregate amount not exceeding Rs 1500 crore only or any equivalent thereof in foreign currency.
The approval, subject to the sanction from the members and other necessary regulatory, wherever required was granted by the board at its meeting held on May 19, 2011.
SEL Manufacturing Company has over 40 years of experience in the textile industry. At present, it has facilities for manufacturing cotton yarn, combed yarn, knitted fabrics, knitted garments and terry towels.
| Company Name | CMP |
|---|---|
| Welspun Living | 128.90 |
| Vardhman Textiles | 611.35 |
| Arvind | 398.55 |
| K.P.R. Mill | 936.15 |
| Page Industries | 36742.15 |
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