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Prospect News home > News index > List of issuers M > Headlines for Morarjee Textiles Ltd. > News item
Published on 6/26/2020 in the Prospect News Emerging Markets Daily.

India’s Morarjee Textiles board OKs up to Rs. 1.5 billion debentures

By Sarah Lizee

Olympia, Wash., June 26 – Morarjee Textiles Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and approved a proposal to raise funds by way of issuing up to Rs. 1.5 billion of nonconvertible debentures in one or more tranches on a private placement basis.

The premium cotton shirting fabrics and high fashion printed fabrics company is based in Mumbai.


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