Bombay Rayon Fashions to fund its furhter expansion plans is planning to raise funds from a followon public offer. According to
the market sources the issue would be in the range of Rs 450  to 500 Crore.
About 70% of the funds raised through the secondary issue and other sources would be used for augmenting capacities in Leela Scottish Lace, the erstwhile garments business of Leela Ventures, which was acquired by Bombay Rayon for Rs 155 crore in July.
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