Ashapura Intimates Fashion has received an approval for raising of funds through issue of American Depository Receipts / Global Depository Receipt/Foreign Currency Convertible Bonds up to Rs 250 crore and delegation of powers for the said purpose to the allotment committee.
The board of directors at its meeting held on November 30, 2017 has approved for the same. The board also approved to issue Commercial Papers up to Rs 50 crore on Private Placement Basis and delegation of powers for the said purpose to the allotment committee.
Ashapura Intimates Fashion is engaged in the business of designing, branding, marketing and retailing of intimate garments through a well developed & wide distribution network and undertakes sales through organized retail chains and own outlets.
