Century Textiles plans to carve out three real estate assets into a separate subsidiary, sources tell CNBC-TV18. The board of the company may meet soon for the formation of the 100 percent owned subsidiary.Century Textiles is likely to transfer around Rs 800-1,000 crore worth of debt to the new subsidiary.With the subsidiary, the company aims at improving its fund raising ability. Watch video for more...
Discover 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!
