Active Clothing Co Ltd has announced that its board will consider raising funds via the issuance of convertible warrants. The move is aimed at strengthening financial flexibility, supporting expansion plans, and enhancing long-term growth prospects in India’s apparel and textile sector.
Active Clothing Co Ltd, a prominent player in the apparel manufacturing and retail industry, disclosed that its board will evaluate fundraising through convertible warrants. This strategic decision reflects the company’s intent to diversify funding sources while ensuring adequate capital to support operational expansion and future growth initiatives.
Key highlights from the announcement include
-
Board to consider fundraising through issuance of convertible warrants.
-
Funds expected to support expansion in apparel manufacturing and retail operations.
-
Move aimed at enhancing financial flexibility and strengthening the balance sheet.
-
Decision reflects confidence in long-term demand for apparel and textile products.
-
Company continues to focus on sustainable growth and shareholder value creation.
The consideration of convertible warrants underscores Active Clothing’s proactive approach to capital management. With India’s apparel sector witnessing steady demand both domestically and internationally, the company’s initiative is expected to reinforce its ability to invest in growth opportunities and sustain competitiveness in the global textile market.
Sources: Reuters, Economic Times, Business Standard