Century Textiles allots 1 cr shares to Aditya Birla firms

Aditya Marketing & Manufacturing Limited was allotted 41 lakh shares while another 60.8 lakh shares were allotted to IGH Holdings Private Limited, the BSE filing said. Both these companies are clubbed under promoter group companies whose holding has now increased to 50.21 per cent from 45.22 per cent.

In May 2015, Century Textiles had issued 18.65 million warrants without disclosing names of the companies. Subsequently in October, Kumar Mangalam Birla was named vice chairman of Century Textiles. (RKS)

ALCHEMPro News Desk – India