Orient Garments PLC has decided to launch a rights issue of 54.9 million new ordinary shares at Rs. 15 each.

While this decision has been made by Orient Garments board of directors, they hope to raise nearly Rs. 810 million.

The company is to issue a new share for every existing share.

Orient Garments which is a subsidiary of PC House Holdings owns five apparel factories and has over 28 years experience in the sector.