Sunham

Mumbai, June 19 (UNI) Minar International Limited, a leading exporter and manufacturer of made-ups to the US markets, has allotted equity shares, constituting 8.85 per cent of the pre-issue capital of the company, through private placement to Sunham&Bristol, two of the leading US Home Textile importers for Rs 22.87 crore.

Minar holds a dominant position in the booming Home Textile Exports from India, accounting for 23.03 per cent of market share in the Bed Linen Exports. The company's competitive strengths are strong customer relationships, sourcing capabilities, zero rejection rate, capacity to manage multiple and large orders, design capabilities, delivery schedules and quality control.

The growth strategy is to become an integrated textile player and to foray into huge untapped domestic market, the release said.

The Company has begun a drive for Backward Integration in a manufacturing process.

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