Morarjee Textiles gets nod to raise funds via NCDs

Morarjee Textiles has received approval to raise funds by way of issuing Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting held on May 08, 2019 has approved the same.

Morarjee Textiles (MTL) is a manufacturer of textile products. The Company is engaged in the business of manufacture of cotton fabric and fashion printed fabric.