Sonaselection India opens a wholly fresh-issue IPO of about INR 142 crore
The Bhilwara fabric manufacturer opens on 17 September at INR 94 to 99 a share. The entire offer is fresh issue, with no selling shareholders at all.
Textiles & Apparel
The manufacturing/export side — mills, garment & textile exporters
Page Industries' revenue grows 7.9% in a steady first quarter
Jockey licensee Page Industries reported Q1 revenue up 7.9% to INR 1,420 crore on 5.7% volume growth, holding a 20.3% EBITDA margin, a steady but unspectacular quarter.
Ester-Loop recycled-PET venture lands a second global sports brand, after Nike
ELITe, the Ester Industries-Loop Industries joint venture, said partner Loop signed a non-binding LOI to supply up to 15,000 tonnes a year of recycled PET resin to a second global sports brand, after Nike, from its planned India plant.
Andhra launches handloom-weaver scheme
Andhra Pradesh has launched 'Netanna Sevalo', releasing INR 179 crore in direct assistance to 71,536 handloom-weaving families at INR 25,000 each, part of the state's support for a sector employing about 1.27 lakh people.