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Gokak Textiles planning to raise Rs 35 crore on private placement basis

31 Jan 2018 Evaluate

Gokak Textiles is planning to issue up to Rs 35 crore, Non-convertible Redeemable Preference Shares on private placement basis to the Promoters/Promoter Group. The meeting of the Board of Directors of the company will be held on February 7, 2018, to approve the same.

Gokak Textiles’ principal activity is to manufacture and distribute textile products. The company's product range includes yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.   

Peers
Company Name CMP
Vardhman Textiles 568.65
Welspun Living 221.70
Arvind 570.00
Raymond Lifestyle 704.70
K.P.R. Mill 1131.40
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