Morarjee Textiles planning to raise Rs 10 crore on private placement basis

17 May 2018

Morarjee Textiles is planning to issue of 10,00,000 Cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 10 crore on a private placement basis. The meeting of the Board of Directors of the company will be held on May 24, 2018, to consider the same.

Morarjee Textiles (MTL) is a manufacturer of textile products. The Company is engaged in the business of manufacture of cotton fabric and fashion printed fabric.

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