Filatex India has received approval to raise funds upto an amount of Rs 150 crore by way of issue of Equity Shares, American Depository Receipts, Global Depository Receipts, Convertible Bonds / Securities through Qualified Institutional Placement/ Others.
The meeting of the Board of Directors of the company held on August 25, 2018, have approved the same.
Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.
