Pradip Overseas, an Ahmedabad-based home linen maker, has informed that the scheme of restructuring of financial facilities availed by the company from the bank has been approved by the CDR Cell.
Earlier on May this year, the company had 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 had 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.
