MoneyWorks4Me

Texel Industries gets nod to raise funds through various means

19 Jun 2019 Evaluate

Texel Industries has received an approval for raising funds by issue of Equity Shares and/ or Convertible/Non-Convertible Debentures, and/ or Convertible/ Non-Convertible Preference Shares and/ or any other financial instruments convertible into equity shares (including warrants), or such other securities, or any combination thereof as may be permitted under applicable laws, by way of a private placement and/ or right issue. The Board of Directors of the Company at its meeting held on June 19, 2019 has considered and approved the same.

Texel Industries is engaged in manufacturing Geomembranes for use in the construction and infrastructure sectors and PE Protection Covers for general use.

Peers
Company Name CMP
Vardhman Textiles 530.00
Welspun Living 238.15
Arvind 532.20
Raymond Lifestyle 627.00
K.P.R. Mill 1072.10
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