At an extraordinary general meeting of the New Delhi based textile company, Spentex Industries, the Board was authorised to raise Rs175 crore from the international or the domestic market through the issue of Foreign Currency Convertible Bonds (FCCBs) or other securities.
Other Securities include GDRs, equity shares, debentures or other securities to investors, as per an official intimation to the Bombay Stock Exchange.
It has a plant in Pune with a group of companies including Indo Rama Textiles, Amit Spinning Industries, CLC Global, CLC Corporation and Indus Merchandising.
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