Sel Manufacturing subsidiary SEL textiles files DRHP with SEBI for proposed issue of public issue
2010 February 28
SEL Manufacturing Company has informed that SEL Textiles Ltd., a subsidiary of the company proposes a Public Issue of equity shares through 100% book building method in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India.
SEL Textiles proposes to finance the cost of setting up a new facility for manufacturing of Terry Towels with an installed capacity of 3600 TPA out of the net proceeds of the issue.
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