Advance Syntex has raised funds by allotment of 19,95,250 Equity Shares at an Issue Price of Rs 25 each which includes Premium of Rs 15 per share to the Non Promoter Allottees on a preferential basis. The Board of Directors of the company at its meeting held on April 05, 2018, granted approval for the same.
Advance Syntex is an India-based manufacturer of other made up textile goods except apparel. The company is into manufacturing business of metallic yarn and precision cut glitter powder for various applications, such as textile printing, molding, and flocking over and above conventional decorative application.
