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Bombay Rayon converts debt into equity

Textile firm Bombay Rayon Fashions will convert debt worth Rs 934.26 crores into equity in favor of the lenders. The working capital term loan of Rs 712.67 crores and Rs 221.58 crores funded interest term loan would be converted into equity in favor of lenders.

Bombay Rayon Fashions was incorporated in 1992. The firm has fabric manufacturing facilities of 100 million meters per annum, garment manufacturing facilities of 60 million pieces per annum, which is being expanded to 90 million pieces per annum.

Bombay Rayon caters to the domestic and export markets. The company is also engaged in power generation through coal and windmills and manufacturing of buttons. It produces fabrics such as cotton, polyester, tencel, modal, Lycra, wool and various blends. Products include fabrics, apparel, retail, trims and yarn.

The company is the largest shirt manufacturer in India. It owns 13 manufacturing facilities, including one sampling unit across the country. It has a presence in the entire value chain starting from yarn dyeing, weaving, fabric processing, designing, garment manufacturing to retailing. In the domestic market the finished fabric is marketed through 70 distributors and more than 2000 retailers. It also exports to the Middle East and EU countries.

www.bombayrayon.com/

 
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