InvestmentETL
ETL Approves Factory BMRE Investment
Announcement summary
- What happened
- ETL approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Evince Textiles Limited
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to invest an amount of Tk. 70.37 crore (approx.) for BMRE of its existing project. Out of this amount, Tk. 55.41 crore (i.e. 79%) to be procured by availing Term Loan facilities from Modhumoti Bank Limited. The balance amount of Tk. 14.96 crore (i.e. 21%) will be financed from company 's own sources as equity. The breakdown of the investment is as follows; 1. Capital Machineries & Equipment with pumps, motors, pipes, auxiliaries, (cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b00004005bc57
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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