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Shahlon Silk Industries realises Rs 18.50 crore from dilution of non-core asset

24 Nov 2020 Evaluate

Shahlon Silk Industries has realised Rs 18.50 crore from dilution of non-core asset, a land admeasuring 22619 sq. mtrs. under compulsory acquisition by Government of India for Vadodara Mumbai Express Highway. The proceeds would be used to reduce debt to the tune of Rs 12.50 crore and the remaining Rs 6 crore would be used for working capital - strengthening the balance sheet.

Shahlon Silk Industries is engaged in manufacturing and exporting of supreme quality fabrics and synthetic textile yarn across the world.

Peers
Company Name CMP
Vardhman Textiles 515.25
Welspun Living 210.90
Arvind 494.80
Raymond Lifestyle 555.20
K.P.R. Mill 1027.60
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