|₹1369.9 / ₹1006|
What is shareholding pattern? Who are shareholders?
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Porritts & Spencer (Asia) (PSAL), a subsidiary of the UK-based multinational, Porritts & Spencer, started operations in 1974. Its manufacturing unit is located at Faridabad, Haryana. PSAL has a technical collaboration with Porritts & Spencer, UK, which holds 59. 21% of the equity of the company. During 1994-95, the company issued bonus shares in the ratio of 2:5. The company manufactures speciality engineered fabric called felt used in the wet and dryer sections of the paper board, pulp sheeting industries and in the wet section of the cement industries. The 10-odd varieties of felts manufactured include wet and dryer felt, calendering and decatising felt, printing conveyors for textile-finishing machines, denim-finishing felt and spiral linked dryer fabric. The company has entered the field of technical textiles.