Jindal Cotex has received an approval to raise funds/capital upto Rs 200 crore by way of issue of equity shares/securities, including Global Depositary Receipts (GDR) and/or American Depositary Receipts (ADR) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), Qualified Institutions Placement (QIP) or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, in one or more tranches, in domestic or Foreign Market(s) as applicable.
The company has received an approval for raising fund at its board meeting held on August 12, 2011. Further, it is subject to the approval of the members and other necessary regulatory approvals etc.
Jindal Cotex is engaged in the business of manufacturing of acrylic, polyester, and polyester-viscose, polyester cotton, combed and carded yarns, which are appropriate for apparels, suitings & knitted fabrics.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
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