Brief: Texel Industries allots preference shares worth 30 mln rupees to Sky Point Technical Textile

Texel Industries

01/12/2016 13:17

Dec 1 (Reuters) - Texel Industries Ltd  TXLP.BO  
    * Allotted  4% cumulative redeemable preference shares 
aggregating to INR 30 million to Sky Point Technical Textile 
Pvt. Ltd 
 
Source text: [Texel Industries Ltd has informed BSE that in the 
Board Meeting dated November 25, 2016, the Company has allotted 
30,00,000 (Thirty Lakh Nos.) 4% cumulative redeemable preference 
shares (preference shares redeemable at the end of 7 years from 
the date of issue) of Rs. 10/- each at par for a total amount 
aggregating to Rs. 3,00,00,000/- (Rupees Three Crore Only) to 
M/s. Sky Point Technical Textile Pvt. Ltd. (STTPL)] 
 
Further company coverage:  TXLP.BO  
 
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