Kitex Garments to invest $1 million in Kitex USA LLC

Kitex Garments Ltd. | Textile | Textiles & Apparels | BSE: 521248 | NSE: KITEX

09 Jan 2017 Evaluate

Kitex Garments has received an approval for further investment of up to $1 million in the capital of Kitex USA LLC during the 4th Quarter of 2016-17. The board of directors at its meeting held on January 09, 2017 has approved for the same. The board also approved availing an additional Term Loan of Rs 17 crore under A-TUFS with tenure of 5 years.

Kitex Garments is a apparel manufacturing company. It offers product such as shirts, polar fleece, T-shirts, kids wear, night wear, nylon jackets and shorts.

Peers

Company Name	CMP
Vardhman Textiles	574.00
Welspun Living	214.10
Arvind	553.45
Raymond Lifestyle	652.50
K.P.R. Mill	1117.40
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.