Small cap company Parekh Aluminex plans to raise funds via any of the routes - Global Depositary Receipt, or GDR, or Foreign Currency Convertible Bond, or FCCB. The company makes aluminium foil food container. As for the company's capex plans, Amitabh Parekh, Chairman & Managing Director of Parekh Aluminex says the company plans to raise around Rs 125-150 crore. The rest of the capex will be funded by the company's existing consortium bankers, who have already sanctioned Rs 75 crore to the company, he informed.
He said that the move is in line with the company's expanision plans as now, it has begun to cater to the global market. As of now, it was catering to only the UK market; now it has received huge orders from America, Switzerland, Germany and Australia.
Read more in
The Moneycontrol article.
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