Sutlej Textiles lists at Rs 161.15 on the BSE
Sutlej Textiles and Industries Ltd, a K K Birla Group company, on Thursday got listed on the Bombay Stock Exchange at Rs 161.15.
By PTI |
MUMBAI: Sutlej Textiles and Industries Ltd, a K K Birla Group company, on Thursday got listed on the Bombay Stock Exchange at Rs 161.15.
The company entered the capital market with over 1.09 crore equity shares of Rs 10 each fully paid-up, which were issued pursuant to the scheme of arrangement of Sutlej Textiles and Industries.
The company was created as part of a corporate restructuring process, under which the textile businesses of Sutlej Industries Ltd (SIL) and Damanganga Processors Ltd were demerged into Sutlej Textiles last year.
It is presently undertaking various capital projects of around Rs 487 crore, which are in the areas of spinning and captive power generation.
The company entered the capital market with over 1.09 crore equity shares of Rs 10 each fully paid-up, which were issued pursuant to the scheme of arrangement of Sutlej Textiles and Industries.
The company was created as part of a corporate restructuring process, under which the textile businesses of Sutlej Industries Ltd (SIL) and Damanganga Processors Ltd were demerged into Sutlej Textiles last year.
It is presently undertaking various capital projects of around Rs 487 crore, which are in the areas of spinning and captive power generation.
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