Home / Knowledge / News / Textiles / Century Textiles allots 1 cr shares to Aditya Birla firms
Century Textiles allots 1 cr shares to Aditya Birla firms
28
Dec '15
Pursuant to exercise of right for conversion of warrants into equity shares, BK Birla Group controlled Century Textiles & Industries Limited has allotted the balance 1,01,80,000 equity shares of face value of Rs 10 each fully paid-up to two Aditya Birla Group firms, according to the information provided by the company to the BSE.

Aditya Marketing & Manufacturing Limited was allotted 41 lakh shares while another 60.8 lakh shares were allotted to IGH Holdings Private Limited, the BSE filing said. Both these companies are clubbed under promoter group companies whose holding has now increased to 50.21 per cent from 45.22 per cent.

In May 2015, Century Textiles had issued 18.65 million warrants without disclosing names of the companies. Subsequently in October, Kumar Mangalam Birla was named vice chairman of Century Textiles. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Textile item exporters in Turkey's Denizli target China

Apparel/Garments | On 16th Jul 2018

Textile item exporters in Turkey's Denizli target China

Exporters in Turkey's Denizli, which accounts for $1.5 billion of the ...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search