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.