ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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In the Capital Market

Arihant Fabrics and Punjab State In-dustrial Development Corporation, is entering the capital market on July 18, with a public issue of 24 lakh equity shares of Rs 10 each at par. Of these 17.1 lakh shares are offered to the public The company will be manufacturing polyester viscose blended yarns of various counts at its Sangrur plant in Punjab using air jet spinning technology. Mamata Machi-nery will provide the technology. The total cost of the project is Rs 18 crore. Debt finance is Rs 10 crore.

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