Brushman India plans up to $20 million offering of convertibles

By Angela McDaniels

Seattle, Feb. 6 - Brushman India Ltd. is planning an up to $20 million offering of securities that may include foreign-currency convertible bonds, according to a company notice filed with the Bombay Stock Exchange.

The company will hold an extraordinary general meeting on Feb. 28 to seek approval of an offering of foreign-currency convertible bonds or convertible debentures convertible into equity shares or preference shares; Global Depository Receipts; American Depository Receipts; securities linked to equity shares; or preference shares representing convertible securities.

Brushman is a paint brush and hair care products manufacturer based in New Delhi, India.

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