Filatex board approves to raise up to Rs 150 cr via securities

Textile firm Filatex India today said its board has approved to raise up to Rs 150 crore through issue of securities.

The company's board, which met today, has considered and approved raising of funds up to Rs 150 crore by way of issue of shares, American Depository Receipts, Global Depository Receipts, Convertible bonds/securities through qualified institutional placement, Filatex India said in a regulatory filing.

Filatex India, however, did not divulge how it plans to utilize the raised capital.

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