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Bombay Rayon to expand fabric & garment manufacturing capacities via QIP funds
18 Jan '07
1 min read
One of India's leading garment exporters, Bombay Rayon, has successfully allocated 1,40,20314 equity shares to Qualified Institutional Buyers by the way of Qualified Institutional Placement (QIP) raising Rs. 294.42 crore.
The company placed shares of Rs 10 each at Rs. 210 per equity share to the Qualified Institutional Buyers.
“The funds raised will be utilized to expand our fabric and garment manufacturing capacities” said Mr. Prashant Agarwal, Managing Director, Bombay Rayon Fashions Ltd.
Bombay Rayon offers the finest in the Textile industry. Based in Mumbai, Maharashtra, Bombay Rayon designs, sources and markets some of the most pioneering textile offerings in the industry.
Bombay Rayon manufactures one of the most versatile and technically advanced ranges of fabrics, apparels and home textiles in India.
The company placed shares of Rs 10 each at Rs. 210 per equity share to the Qualified Institutional Buyers.
“The funds raised will be utilized to expand our fabric and garment manufacturing capacities” said Mr. Prashant Agarwal, Managing Director, Bombay Rayon Fashions Ltd.
Bombay Rayon offers the finest in the Textile industry. Based in Mumbai, Maharashtra, Bombay Rayon designs, sources and markets some of the most pioneering textile offerings in the industry.
Bombay Rayon manufactures one of the most versatile and technically advanced ranges of fabrics, apparels and home textiles in India.
Bombay Rayon Fashions Ltd
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