Saturday, March 15, 2025 | 03:38 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

UTI Venture Fund takes 10.7% stake in Suryalakshmi

Image

Press Trust of India Mumbai
UTI Venture Funds has acquired 10.7% stake in Suryalakshmi Cotton Mills for Rs 35 crore.

According to a release issued by Suryalakshmi Cotton Mills today, the board of directors approved a proposal to issue 14,28,300 equity shares, on a preferential basis, to UTI Venture Funds at Rs 245 per share.

The company has already received sanction from IDBI for a term loan of Rs 70 crore under the technology upgradation fund for its ongoing expansion plans, the release added.

 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 26 2005 | 5:05 PM IST

Explore News