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Textile firms to tap primary market for capex
10 Feb '07
2 min read
Of the net proceeds, over Rs177 crore will be invested to set up new units for total process of yarn dying, weaving and processing at Tarapur and Bangalore.
Evinix Ltd, accessory and garment manufacturer is shortly coming out with its public issue and plans to raise Rs 43 crore through IPO of 35 lakh shares to fund Rs52-crore in expanding capacities and setting up retail business activities.
Nahar Industrial Enterprises Ltd (NIEL) plans to expand its existing facilities, focusing on retail to establish 250 Cotton County exclusive outlets all over India, to rake in an estimated revenue of over Rs700 crore.
Evinix Ltd, accessory and garment manufacturer is shortly coming out with its public issue and plans to raise Rs 43 crore through IPO of 35 lakh shares to fund Rs52-crore in expanding capacities and setting up retail business activities.
Nahar Industrial Enterprises Ltd (NIEL) plans to expand its existing facilities, focusing on retail to establish 250 Cotton County exclusive outlets all over India, to rake in an estimated revenue of over Rs700 crore.
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