Vadilal Industries to raise debt for building normal inventory for 2021

Af ter a sharp fall in revenue last year due to COVID-19, Vadilal Industries Ltd has started building its 'normal' level of inventor y in 2021 by internal accruals and raising debt, Rajesh Gandhi, managing director, told Informist. Currently, the company has a debt of 1.60 bln rupees. The ice cream maker seeks to fund its inventor y through additional 200-250 mln rupees from banks and their own cash.