In an interview with CNBC-TV18, Ashok Kumar Bansal, CMD, Hanung Toys and Textile spoke about the company's GDR issue which will close on April 27.
The company is planning to boost it's toy capacity, build up weaving and will be going one step backward in the spinning. It is also the capacity of it's dyeing and painting facility and will be utilizing the GDR money to meet these capex plans. "After we are done with this CAPEX, over two years we will be able to touch more than Rs 2,000 crore in topline and our EBITDA will improve substantially," he added. Below is the verbatim transcript of Bansal's interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Take us through why you chose a GDR, couldnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
