Birla Cotsyn to invest Rs 500 crore for business expansion (10-Aug-2010)
Birla Cotsyn (India) has received its board’s consent to invest Rs 500 crore in the expansion of business. The company will raise the said amount through Global Depository Receipts (GDRs)/ Follow on Public Offer (FPO)/ rights issues, internal accruals and terms loans.
The company’s board gave its approval for the same at its meeting held on August 10, 2010.
The company is engaged in the manufacturing of synthetic blended ring spun yarn.
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