Century Textiles to raise Rs 700 crore on private placement basis

Century Textiles & Industries has received an approval to issue Non-convertible Debentures (NCDs) on private placement basis for Rs 700 crore for general corporate purposes including long term working capital/refinancing. The board of directors at its meeting held on October 28, 2016 has approved for the same.

Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.