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Kiri Dyes to consider raising Rs 500 cr for expansion

15
May '10
Kiri Dyes and Chemicals Ltd has informed that a meeting of the Board of Directors of the Company will be held on May 22, 2010, for considering and approving to raise upto Rs. 500.00 crores by way of QIPs / FCCB / GDR / preferential allotment, Right issue / FPO for the expansion and diversification project, acquisition of Company and payment of debts of the Company.

Kiri Dyes & Chemicals Limited, was incorporated on 14th May 1998 as a Kiri Dyes and Chemicals Private Limited at Ahmedabad, Gujarat KDCL has been promoted by Mr Praveen A. Kiri and Mr. Manish P. Kiri.

KDCL is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally.

Kiri Dyes and Chemicals Ltd


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