Home / Knowledge / News / Textiles / Kiri to raise Rs 3 billion to retire high cost debt
Kiri to raise Rs 3 billion to retire high cost debt
05
Jan '12
Kiri Industries Ltd has informed that a Meeting of the Board of Directors of the Company will be held on January 09, 2012, to consider and approve alongwith other business to raise fund upto Rs. 300.00 crores by way of QIPs/FCCBs/GDRs/Preferential Allotment of Equity or domestic convertible bonds and/or non-convertible debentures with warrants.

For the purpose of reducing the cost of funds of the Company by replacing higher cost debt with lower cost funds, and to strengthen capital base of Company and for general corporate purposes.

Kiri Industries Limited (KIL), fully integrated manufacturer of Dyes, Intermediates and Chemicals has embedded the culture of enhancing life with the chemistry of colours in KIRI family.

KIL is one of the largest manufacturers and exporters of wide range of Dyes, Intermediates and Chemicals from India. KIL is an accredited and certified Key Contract Supplier to world's top five Dyestuff majors across Asia-Pacific, the EU and Americas.

Kiri Industries Ltd

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search