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You are here : Makemystocks Report
EXCLUSIVE: Textile secy says NTC likely to get listed in FY12
Published on: Wed, 22 Dec 2010 16:04:52
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By Annapurna Singh NEW DELHI, DEC 22 : State-owned National Textile Corp may enter the capital market with its initial public offer in 2011-12 (Apr-Mar), Textile Secretary Rita Menon said Wednesday. "It is likely to be listed in 2011-12," Menon told TickerNews. NTC, an integrated textile firm that suffered losses for years, has used income from sale of some of its land to shore up its balance sheet. A report earlier said NTC is debt-free and cash-rich because of the revenue from land sale. Filed by Jones Koshy
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