India’s Mandhana may issue up to Rs. 500 million bonds, convertibles

By Susanna Moon

Chicago, Aug. 1 – Mandhana Retail Ventures Ltd. notified the Bombay Stock Exchange that it may raise up to Rs. 500 million of funds by way of debentures, convertible debentures or foreign-currency convertible bonds.

At a shareholder meeting on Aug. 25, the company will also consider issuing equity shares, American Depositary Receipts or Global Depositary Receipts, according to the notice.

The Mumbai, India-based company designs, manufactures and sells clothing and accessories under the Being Human trademark.

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