“We intend to use the infused capital for the growth plans of the company wherein we are doubling our production capacity and launching new products,” said Jagdish Gupta, managing director of Stylam Industries.
concern - Its high time the company looks at reducing its debt. Approx 20% of its operating profit goes into paying interest for last several years.
Read more at: https://www.dealstreetasia.com/stories/lighthouse-funds-invests-rs51-crore-stylam-industries-72886/
Disc: Invested