Nanliu Manufacturing Pvt. Ltd announced that it has received INR 592.3 million in funding from Nan Liu Enterprise Co., Ltd.
December 24, 2021
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Nanliu Manufacturing (India) Pvt. Ltd announced that it has issued 59,230,000 shares at a price of INR 10 per share for gross proceeds of INR 592,300,0000 on December 24, 2021. The transaction included participation from returning investor Nan Liu Enterprise Co., Ltd. The transaction has been approved by the board of directors of the investor.
NAN LIU ENTERPRISE CO., LTD is a Taiwan-based company principally engaged in the research, development, production and sales of non-woven products. The Companyâs main products include water needle non-woven fabrics, water needle wood pulp composite fabrics, dustless wipes, household wipes, floor mops, hot air and hot pressed non-woven fabrics, baby wipes, facial masks, make-up removers, emulsions and liquid care products. The Company distributes its products in domestic market and to overseas markets, such as mainland China, the rest areas of Asia and Japan.