Monte Carlo Fashions Limited informed the exchange that they had made further investment to the extent of Rs 2,00,00,000/- (Rupees Two Crores Only) in Monte Carlo Home Textiles Limited (MCHTL), Wholly Owned Subsidiary Company incorporated on December 3, 2021 and has allotted 20,00,000 equity shares of Rs. 10/ each.
The total amount of investment made in MCHTL is Rs Fifteen Crores Seventy Lacs.
Monte Carlo Home Textiles Limited will be engaged in carrying on the business of Home textiles.
Monte Carlo Home Textiles Limited has an Authorised Share Capital of Thirty Crores and has a Paid Up Share Capital of Rs. 15.7 crore.