Century Textiles and Industries informed that its board is scheduled to meet on 16 July 2024, to consider the proposal of raising of funds up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs) in one or more tranches.
The company will issue unsecured, listed, rated, redeemable, NCDs on private placement basis, subject to such statutory and regulatory approvals as may be necessary under applicable laws.Meanwhile, the board will also approve unaudited standalone and consolidated financial results for the quarter ended 30 June 2024.
Century Textiles & Industries has presence in cotton textiles, pulp & paper and real estate sectors.
The Aditya Birla Group company reported a 4.40% fall in consolidated net profit to Rs 160.28 crore despite of 59.84% jump in sales to Rs 1,542.11 crore in Q4 FY24 over Q4 FY23.
The scrip ended 2.37% lower at Rs 2228 on Monday, 8 July 2024.
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