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Monte Carlo Fashions makes further investment of Rs 3.50 crore in MCHTL

30 Mar 2023 Evaluate

Monte Carlo Fashions has made further investment to the extent of Rs 3.50 crore in Monte Carlo Home Textiles (MCHTL), Wholly Owned Subsidiary Company incorporated on December 3, 2021. Securities are acquired at Face Value of Rs 10 each and number of securities acquired is 35,00,000 equity shares of Rs 10 each i.e. Rs 3,50,00,000. Now, the total amount of investment made in MCHTL is Rs 8.70 crore 

Monte Carlo Fashions manufactures and distributes men’s and women’s apparel.

Peers
Company Name CMP
Vardhman Textiles 566.65
Welspun Living 214.90
Arvind 549.85
Raymond Lifestyle 661.10
K.P.R. Mill 1108.30
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