Friday , November 22 2019
Home / BUSINESS / Manomay Tex India to avail credit facilities up to Rs 80.62 crore from Consortium Bank

Manomay Tex India to avail credit facilities up to Rs 80.62 crore from Consortium Bank

Manomay Tex India has received an approval for availing Credit Facilities up to Rs 80.62 crore from Consortium Bank i.e. State Bank of India (Lead Bank), Industrial Estate Branch, Bhilwara and Oriental Bank of Commerce (Member Bank), Gandhi Nagar, Bhilwara. The Board of Directors of the company at their meeting held on October 15, 2018, approved the same.

This credit facilities enhance from Rs 72.33 crore to 80.62 crore under SBI Consortium (Consisting State Bank of India, IE Branch, Bhilwara as Lead Bank and Oriental Bank of Commerce, Gandhi Nagar, Bhilwara, Rajasthan as member bank)

Manomay Tex India is majorly engaged in manufacturing and sale of denim fabrics in domestic and international markets having an integrated manufacturing unit based in Rajasthan. It is known and identified in textile industry by the brand name ‘Manomay’.