Gangotri Textiles fixes May 5 for interim divided decision
28 Apr '06
2 min read
The Managing Director Sri. Manoj Kumar Tibrewal & Sri.S.Kannan, Chief Manager, Canara Bank exchanging documents after signing term loan agreements for Rs.257 crores through consortium of bankers for Gangtri's expansion cum Integration Project at Coimbatore.
The company will announce a Record date to determine the eligible shareholders to get the preferential allotment of shares.
For Retail shareholders of Gangotri Textiles Limited Equity Shares are reserved to the tune of Rs.5.50 crores 10 percent 0f the amount the Public Issue.
The company has filed a Draft Red Herring Prospectus with SEBI in connection with the proposed public issue of Equity Shares under Book building process amounting to Rs.55 crores.
Gangotri Textiles has vertically integrated facilities to manufacture everything from yarn to finished Garments.
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