Textile company Raghuvir Exim Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The fresh capital will be used to fund expansion plans, it said.
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The company will use the net proceeds from the issue to invest in Platinum Stabilizers Egypt, financing capex requirements, working capital and general corporate purposes.
IPO screener: Platinum Industries issue attracts HNIs, retail investors thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.