ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

WOOLWORTH (INDIA)-Success Story in Wool

is being financed with equity share capital of Rs 13 crore (promoters contributing Rs 3.25 crorc), while of the balance amount Rs 2.10 crore is to come from lease and hire purchase of machinery and Rs 75 lakh by way of deferred payment. During 199394, the project is to work 200 days to yield Rs 13.95 crorc of turnover and Rs 2.72 crore of net profit with an- nualised EPS of Rs 3.13. The turnover and net profit for 1995-96 are projected at Rs 23.72 crore and Rs 3.90 crore, respectively. Out of the capital issue of 1.30 crore equity shares, the company is offering 78 lakh shares to the public and 19.50 lakh shares to the NRIs. The issue opens June 8 under SBI Caps and Weizmann Industries as lead managers.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top