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Lambodhara Textiles to raise up to Rs 20 crore

Lambodhara Textiles has received an approval for raising of fund by way of preferential allotment and/ or Private Placement mode not exceeding Rs 20 crore. The board of directors at its meeting held on December 4, 2017 has approved for the same.

The fund raising shall be subject to the compliance with the provisions of Section 42 and 62 of the Companies Act, 2013 and rules made there-under and any other applicable provisions including the need for obtaining shareholder's approval.

Lambodhara Textiles is an India-based textile company. The company is engaged in the manufacturing of synthetic yarn.

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