Filatex Fashions Ltd. Approves Fundraising by FCCBs Issue & Increases Authorized Share Capital

Filatex Fashions Ltd. has approved raising funds by way of issue of Foreign Currency Convertible Bonds ('FCCBs') up to USD 100 million and an increase in the Authorized Share Capital from ₹ 850 Crores to ₹ 1,000 Crores. The FCCBs are optionally convertible bonds, allowing bondholders to convert them into equity shares of the company. The company has also approved the proposal to give loans, guarantees, provide security, and make investments up to ₹ 2,000 Crores.