Indo Rama Synthetics (India) Ltd Issues Rs.360. 72 Crores Equity Shares

Deepthi | Myequity news | Date : 15-01-2019 17:45:00 IST

Indo Rama Synthetics (India) Limited
, India's largest dedicated polyester manufacturer, today announced issuance of 83000000 equity shares by way of preferential issue on private placement basis to promoter group Company, Indorama Netherlands B.V. (subsidiary of Indorama Ventures Public Company limited) @ Rs. 36/- per equity share aggregating to Rs.2,988,000,000/-, and also issuance of 17200000 Equity shares to Siam Stock Holdings Limited @ Rs. 36/- per equity share aggregating to Rs.619,200,000 on private placement basis. Above investments aggregates to 100200000 Equity Shares amounting t o Rs 3,607,200,000/- .

About Indo Rama Synthetics (India) Ltd.

Indo Rama Synthetics (India) Ltd. is India's largest dedicated polyester manufacturer with an Integrated Manufacturing Complex in Butibori near Nagpur in Maharashtra, with production capacity of 6,10,050 tons per annum of Polyester Staple Fibre, Filament Yarn, Draw Texturized Yarn, Fully Drawn Yarn and Textile grade Chips.

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