Sel Manufacturing subsidiary SEL textiles files DRHP with SEBI for proposed issue of public issue

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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Tagged as: Book Building, Draft Red Herring Prospectus, Issue of Capital and Disclosure Requirements, Proposed for book building, Securities and Exchange Board of India, SEL Manufacturing Company, SEL Textiles, SEL Textiles Ltd, TPA