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

Shahlon Silk Industries Ltd. | Textile | Textiles & Apparels | BSE: 542862 | NSE:

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	561.95
Welspun Living	223.70
Arvind	548.00
Raymond Lifestyle	677.40
K.P.R. Mill	1136.75
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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