Filatex India Limited announced that it expects to receive INR 266 million in funding from Azimuth Investments Limited, Nouvelle Securities Private Limited, and other investors
August 24, 2021
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Filatex India Limited announced private placement of 2,800,000 shares at a price of INR 95 per share for gross proceeds of INR 266,000,000 on August 25, 2021. The transaction will include participation from promoters Azimuth Investments Limited for 1,300,918 shares, Nouvelle Securities Private Limited for 1,188,451 shares, Gunjan Bhageria for 171,728 shares, Shefali Bhageria for 69,702 shares, and Vrinda Bhageria for 69,201 shares. The shares will be issued at a premium of INR 93 per share on face value of INR 2 per share. The transaction is approved by the board of directors of the company. The transaction is subject to approval of shareholders of the company at its annual general meeting to be held on September 24, 2021.
Filatex India Limited is an India-based company, which is engaged in the manufacture and trading of synthetic yarn and textiles. The Company manufactures polyester and polypropylene multifilament yarn, and polyester chips. It manufactures a variety of synthetic yarns, which consists of polyester partially oriented yarns (POY), polyester filament yarns, fully drawn yarns (FDY), drawn textured yarn (DTY), air textured yarn (ATY), polypropylene yarn (PPY) and narrow woven fabrics (NWF). The Company also provides specialty products, including filigree, ocean, chubby yarn, cotslon, soie FIL and Flexi FIL. Its range of POY includes semi-dull, black dope dyed, bright, FDY bright and FDY colored. It offers its clients textured yarns in all permutations and combinations, which include set, intermingled, crimped and interlaced type in semi-dull finish.
Filatex India Limited announced that it expects to receive INR 266 million in funding from Azimuth Investments Limited, Nouvelle Securities Private Limited, and other investors
FILATEX INDIA LIMITED 
