Himatsingka Seide is planning to raise funds not exceeding $13 million (Equivalent to approximately Rs 108 crore) by way of issuance of inter alia equity shares, foreign currency convertible bonds, global depository receipts, American depository receipts and/ or any other instruments convertible into equity shares. The company is also planning to issue non-convertible debentures for an amount not exceeding Rs 500 crore, to identified investors.
A meeting of the Board of Directors of the Company is scheduled to be held on December 15, 2022 to consider and approve the same.
Himatsingka Seide is an integrated global textile major that designs, develops, manufactures, distributes and retails a suite of textile products.
