Jaybharat Textiles & Real Estate Ltd announced its plans to set up a Rs290 crore incorporated textile project and divide the equity shares of the company in 1:2 ratio.
Part of the terms loan for the project have been tied up and the face value of equity share has been brought down from Rs10 to Rs5 each.
Company also plans to foray into real-estate activities, expanding five-star hotels, shopping mall, IT park, residential complexes and multiplex.
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