INDIA: House of Pearls enters capital market to fund retail expansion

MUMBAI: The ready-to-wear $250 million apparel company, House of Pearls Fashions has entered the capital market to fund the expansion in retail business in India, Deepak Seth, chairman, said here on January 08.

The chairman clarified that the expansion plan includes acquisition of international brands in the US or UK and upgrade manufacturing capacities, while currently is operating in 10 countries.

An initial public offering of 5,984,994 equity shares of Rs 10 each has been offered, while the price band for the issue has been fixed between Rs 525 and Rs 600.

The company with a strong presence in the top three segments of the value chain is expected to benefit as globally the retailers are consolidating their supplies, thus looking for strategic vendors with global presence, Deepak Seth added.

House of Pearls intends to utilise parts of the proceeds to upgrade manufacturing capacities from 20 million pieces per annum to 40 million per annum, expecting textile exports to get a boost in the post-quota regime.

Send your News/Releases for publication to [email protected]
Added: January 9, 2007 Source: Agencies
Start script - 1544495497.5679 Start news id check - 1544495497.568 After news id check - 1544495497.5683 After cookie_code - 1544495498.9253 Before news detail - 1544495498.9253 After news detail - 1544495498.9261 Start cat select - 1544495498.9262 After cat select - 1544495498.9264 before preg replace - 1544495498.9264 After preg replace - 1544495498.9264 Before tag engine - 1544495498.9264 After tag engine - 1544495498.9312 Before mptt engine - 1544495498.9312 After mptt engine - 1544495498.9312 Before related engine - 1544495498.9312 After related engine - 1544495498.9407 Before update hits - 1544495498.9408 After update hits - 1544495498.941 After update news_hits - 1544495498.9421 After mem_only_views - 1544495498.9421 -------------------------------------------------- Total Exec time:- 1.3742001056671
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 11-12-2018