Textured Jersey Lanka Limited, the country's pre-eminent producer of value-added knitted fabric, specialising in the manufacture of high quality, weft-knitted and dyed stretch fabrics, is a major supplier to apparel manufacturers throughout Asia and end-chain retailers such as Marks & Spencer, Victoria's Secret and Intimissimi. The Company is issuing a 12.21% stake or 80,000,000 new ordinary voting shares at a price of Rs. 15/- per share, to raise funds for the expansion of production facilities and to purchase state-of-the-art machinery to increase its production scale and efficiency.