Oswal Woollen Mills Ltd enters capital market

NEW DELHI: Oswal Woollen Mills Limited (OWM), the flagship company of the Nahar Group of Companies is expanding its existing capacities by raising funds through a public issue and has obtained SEBI's nod for the issue of up to 8,320,000 equity shares of Rs. 10 each through the book built route.

The issue comprises of a net issue to the public of up to 8,305,000 equity shares and reservation of up to 15,000 equity shares for subscription by employees. The net issue will constitute 25.05% of fully diluted post-issue capital of the company," said Mr. Jawahar Lal Oswal, Managing Director of the company.