Interviews
News Flash
SEL Textiles to use IPO proceeds to set up new facility
02 Mar '10
1 min read
SEL Manufacturing Company Ltd has informed that SEL Textiles Ltd., a subsidiary of the Company proposes a Public Issue of Equity Shares through 100% book building method in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India.
SEL Textiles Ltd. (the Company) proposes to finance the cost of Setting up a new facility for manufacturing of Terry Towels with an installed capacity of 3600 TPA out of the net proceeds of the issue.
SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns.
SEL Textiles Ltd. (the Company) proposes to finance the cost of Setting up a new facility for manufacturing of Terry Towels with an installed capacity of 3600 TPA out of the net proceeds of the issue.
SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns.
SEL Manufacturing Company Ltd
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
