Bombay Rayon Limited on Monday announced its proposal to set up a greenfield integrated textile unit, with production facilities for yarning, weaving, processing and garment manufacturing at Apparel Park, Doddabarllar, Bangalore.
The Company has also declared that, it has been allocated 20.26 acres of land in Industrial Township developed by karnataka Government at Doddabarllar Apparel Park, which has been modeled on international lines with modern infrastructure and dedicated power and water supply and common effluent treatment plant.
S Sridhar, Executive Director, EXIM Bank, while handing over Rs50mn cheque to the Company, as a part of equity investment, said that, “The Bank is subscribing 10,00,000 equity shares of Rs10 each at a premium of Rs40 per share. Post IPO the Bank is likely to get about 2.4% of total share of the Company.”
More: indiainfoline.com
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