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Pradip Overseas to restructure financial facilities availed from banks

31 May 2013 Evaluate

Pradip Overseas, an Ahmedabad-based home linen maker has decided to approach to the Corporate Debt Restructuring (CDR) Cell for restructuring of the financial facilities availed by the company from all banks. The board of directors at its meeting held on May 30, 2013 has approved for the same.

Pradip Overseas is one of the few textile manufacturers with niche focus on Home Linen Products of both, wider width and narrow width. In addition to the sales in the domestic markets, its products are being exported to markets in more than twenty countries.

Peers
Company Name CMP
Vardhman Textiles 529.75
Welspun Living 239.05
Arvind 534.80
Raymond Lifestyle 628.20
K.P.R. Mill 1071.60
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