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May 19, 2017 07:57 AM IST | Source: PTI

Sutlej Textiles' to raise up to Rs 500 cr

At a meeting, the company's board approved raising of funds upto Rs 500 crore by way of borrowing for long term working capital requirements and growth plan, the company said in a filing.

Sutlej Textiles' to raise up to Rs 500 cr

Sutlej Textiles and Industries said its board has approved raising Rs 500 crore in debt for funding working capital requirements and growth plans.

At a meeting, the company's board approved raising of funds upto Rs 500 crore by way of borrowing for long term working capital requirements and growth plan, the company said in a filing.

The board also recommended a dividend of Rs 13 per share and sub division of shares in the 1:10 ratio, according to the regulatory filing.

Sutlej Textiles and Industries is into yarn and home textiles segments.
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