Vardhman Polytex plans Rs 250cr expansion this year

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Vardhman Polytex plans Rs 250cr expansion this year

Vardhman Polytex is looking to invest Rs 250 crore for expansion in the next one year, said Adhish Oswal executive director of the company in an interview with CNBC-TV18.

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Vardhman Polytex is looking to invest Rs 250 crore for expansion in the next one year, said Adhish Oswal executive director of the company in an interview with CNBC-TV18.

The company would be raising about Rs 100 crore. It would be raising Rs 50 crore from institutional investors and HNIs. It is also looking to monitise assets in Ludhiana. And that will garner nearly Rs 50 crore.

"We expect to receive part of Rs 50 crore before October 31 this year," he added.

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