Filatex Fashions Bags Rs 293 Cr Export Order for White Marble
By Rediff Money Desk, New Delhi Jul 29, 2024 17:25
Filatex Fashions secures USD 35 million (Rs 293 crore) export order for white marble from Bloomflora Ventures Ltd for their upcoming hospitals in Africa. This is the first export order for Filatex Mines and Minerals Pvt Ltd.
![Filatex Fashions Bags Rs 293 Cr Export Order for White Marble](https://im.rediff.com/money/2024/may/08marble.jpg)
Photograph: Kind courtersy Adelina ZW/Pixabay
New Delhi, Jul 29 (PTI) Hyderabad-based socks and cotton products exporter Filatex Fashions on Monday said its subsidiary has bagged an export order worth USD 35 million (around Rs 293 crore) for supplying white marble.
Filatex Fashions, which supplies products to European markets, in a statement said that its arm Filatex Mines and Minerals Pvt Ltd has received the order from hospital development firm Bloomflora Ventures Ltd for their upcoming 54 hospitals in Africa.
The order for supply White Marble over a period of seven years is estimated to be USD 35 million (around Rs. 300 crore), the statement said.
It is the first export order for the company's mining subsidiary, it added.
Filatex also said that its shareholders have approved the stock split of 5:1 - the issue of five equity shares for every 1 held by shareholders - at the extra-ordinary shareholders meeting held on July 15.
The company board on June 7 approved the 5:1 stock split to enhance the liquidity in the capital market and widen the shareholder base.
The Board of Directors of Filatex Fashions Ltd at its meeting held on 26 July 2024 has approved the appointment of Sunil Agarwal as an Additional Director and CEO of the Company in the Executive Director category, the company said.
Filatex Fashions, which supplies products to European markets, in a statement said that its arm Filatex Mines and Minerals Pvt Ltd has received the order from hospital development firm Bloomflora Ventures Ltd for their upcoming 54 hospitals in Africa.
The order for supply White Marble over a period of seven years is estimated to be USD 35 million (around Rs. 300 crore), the statement said.
It is the first export order for the company's mining subsidiary, it added.
Filatex also said that its shareholders have approved the stock split of 5:1 - the issue of five equity shares for every 1 held by shareholders - at the extra-ordinary shareholders meeting held on July 15.
The company board on June 7 approved the 5:1 stock split to enhance the liquidity in the capital market and widen the shareholder base.
The Board of Directors of Filatex Fashions Ltd at its meeting held on 26 July 2024 has approved the appointment of Sunil Agarwal as an Additional Director and CEO of the Company in the Executive Director category, the company said.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 3.00 ( -0.99)
- 156571997
- Vodafone Idea L
- 16.06 (+ 0.50)
- 58130850
- Khoobsurat
- 1.87 ( 0.00)
- 51842496
- Toyam Sports
- 3.93 (+ 4.80)
- 37849039
- AvanceTechnologies
- 0.94 ( -4.08)
- 33244499
MORE NEWS
![EPS-95 Pensioners...](https://im.rediff.com/80-80/money/2021/feb/19pension.jpg)
EPS-95 Pensioners Protest for Hike in Delhi
EPS-95 pensioners will protest in Delhi on July 31 demanding a minimum monthly pension...
SEBI Launches AI Chatbot 'SEVA' for Investors
SEBI has launched a chatbot, 'SEVA', to assist investors with information on the...
![Tata Steel...](https://im.rediff.com/80-80/money/2016/apr/21steel.jpg)
Tata Steel Acquires 557 Cr Shares in Singapore...
Tata Steel has acquired over 557 crore equity shares in its Singapore-based arm, T...