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Cotton yarns maker GFL obtains SEBI nod
23 Nov '05
1 min read
Cotton yarns producer Ginni Filaments Ltd (GFL) informed that the company has received SEBI'S nod for issue of new equity shares aggregating Rs 60 crore through the book-build process.
The second public issue of the company is expected to hit the market in December, the company said in a statement here.
The capital raised by the company would be utilised for implementaing projects with an outlay of Rs 204.2 crore. The scope of the project is to expand spinning capacity in Uttar Pradesh, put up new units for manufacturing of non-woven fabrics and cotton yarn in Gujarat and also set up a garments manufacturing unit in Haryana.
Uttar Pradesh based Ginni Filaments Ltd (GFL) has graduated into knitted fabrics and installed 26 knitting machines from M/s. Terrot and Mayer to produce Single Jersey, Interlock, Rib Terry and Lycra fabrics. Since April 2005, GFL has expanded into processed knitted fabrics.
The second public issue of the company is expected to hit the market in December, the company said in a statement here.
The capital raised by the company would be utilised for implementaing projects with an outlay of Rs 204.2 crore. The scope of the project is to expand spinning capacity in Uttar Pradesh, put up new units for manufacturing of non-woven fabrics and cotton yarn in Gujarat and also set up a garments manufacturing unit in Haryana.
Uttar Pradesh based Ginni Filaments Ltd (GFL) has graduated into knitted fabrics and installed 26 knitting machines from M/s. Terrot and Mayer to produce Single Jersey, Interlock, Rib Terry and Lycra fabrics. Since April 2005, GFL has expanded into processed knitted fabrics.
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