Date:19/11/2005 URL: http://www.thehindubusinessline.com/2005/11/19/stories/2005111902821501.htm

Back Shirt Co plans public offer

Our Bureau

MUMBAI: Shirt Company (India), an apparels manufacturer, plans to enter the primary market with 25 lakh shares of Rs 10 each at a price to be determined through book-built process.

The proceeds of the issue would be utilised in expanding the existing garment making capacities of the company and setting up a textile-processing unit, a company release said.

The company is also planning to foray into exclusive retail stores for its branded products and marketing its products and retire the existing bank borrowings. The lead manager to the issue is Karvy Investor Service.