Bombay Rayon Fashions has received an approval for signing the documents, agreements pertaining to Corporate Debt Restructuring (CDR). The board of director at its meeting held on September 25, 2013 has approved for the same.
The board also approved to increase the limit for borrowing and creation of security by way of pledge, mortgage on movable and immovable assets of the company, not exceeding to Rs 5,500 crore.
Bombay Rayon Fashions is engaged into manufacturing of fabrics and apparels. It manufactures one of the most versatile and technically advanced fabrics and apparels in India.