Sutlej Textiles & Industries has received an approval for raising of funds for an amount not exceeding Rs 125 crore. The board of directors at their meeting held on July 30, 2015 has approved for the same.
The company will raise funds through issuance of securities including equity shares or equity linked securities, including through a qualified institutional placement under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, and/or issuance of equity shares through convertible bonds, depository receipts and/or any other instrument convertible or exchangeable into equity shares, and/or other securities, with or without warrants, to eligible investors.
Sutlej Textiles & Industries excels in all stages of textiles productions. Its versatile production facilities are vertically integrated. The company’s manufacturing unit are located at Kathua in Jammu & Kashmir, Bhawanimandi in Rajasthan and Daheli in Gujarat.
