Minar's 8.85% stake issued to US textile importers
Home textile exporter Minar International Ltd has successfully completed an 8.85 per cent pre-issue private placement of equity shares to Sunham and Bristol, two US home textile importers, for Rs 22.87 crore.
By PTI |
MUMBAI: Home textile exporter Minar International Ltd has successfully completed an 8.85 per cent pre-issue private placement of equity shares to Sunham and Bristol, two US home textile importers, for Rs 22.87 crore.
On way to becoming an integrated textile player, Minar holds about 23 per cent market share in the bed linen exports.
The company is setting up a wider width fabric processing unit at Perundurai, Erode. Initially, the unit can process and finish 60,000 metres per day of bleaching or dyeing of light/medium and dark shades, the company said here in a statement on Monday.
Further, the company has entered into a strategic partnership with Srinidhi Group, manufacturers of woven fabric specialising in fabrics for home textiles and apparel.
On way to becoming an integrated textile player, Minar holds about 23 per cent market share in the bed linen exports.
The company is setting up a wider width fabric processing unit at Perundurai, Erode. Initially, the unit can process and finish 60,000 metres per day of bleaching or dyeing of light/medium and dark shades, the company said here in a statement on Monday.
Further, the company has entered into a strategic partnership with Srinidhi Group, manufacturers of woven fabric specialising in fabrics for home textiles and apparel.
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