Himatsingka Seide has invested Rs 4 crore in Isharays Energy One in the form of 40,00,000 Class A equity shares of Rs 10 each (10.97% of total paid up capital). The company proposes to procure energy to fulfil part of the power requirements of the company’s plants on a sustainable basis and to contribute to reduction in Carbon footprint. The said investment would qualify under Group Captive Power Scheme.
Himatsingka Seide is an integrated global textile major that designs, develops, manufactures, distributes and retails a suite of textile products.
