|₹0.22 / ₹0.19|
What is shareholding pattern? Who are shareholders?
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Shree Krishna Polyester, now Krishna Lifestyle Technologies Ltd (KLTL), a part of the Shree Krishna group, was promoted by R P Tayal in 1958. Incorporated as a private limited company in Aug. '87, KLTL went public in Dec. '92 with a public issue at a premium of Rs 40. It started as a twisting unit in 1989 at Silvassa, integrated backward into texturising at the same plant, and diversified into knitting of grey fabric at Dombivili and New Bombay. In Jun. '94, KLTL went public to part-finance the setting up of a spinning mill for the manufacture of cotton yarn with an installed capacity of 50,000 spindles and 480 rotors at Silvassa as backward integration and for the setting up of processing facilities for cotton knitted fabric with an installed capacity of 12,000 tpa at New Bombay, with finishing facilities at Silvassa as forward integration. The company increased the installed capacity of Spinning Division by 6000 TPA, and Speciality Knitting Fabric Division by 9000 TPA.