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R&B Denims gets nod to enhance existing Cash Credit Limit to Rs 23.00 crore

19 Sep 2017 Evaluate

R & B Denims has received its board’s approval to enhance the existing Cash Credit Limit from Rs 18.00 crore to Rs 23.00 crore. The company has also received approval to borrow a New Letter of Credit (L.C.) Limit amounting to Rs 5.00 crore from The Cosmos Co-Op Bank.

R&B Denims manufactures and sells denim textile products in India. Its products include open end/ring spun yarns, slub yarns, multi count, cottons, polyester spandex products with indigo bottom sulphur toppings, and sulphur bottom and indigo toppings with foam and wet finishes.

Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
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