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INDIA'S MUDRA LIFESTYLE TO RAISE US$50.7 MLN VIA SECURITIES ISSUE.

AsiaPulse News

| January 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Jan 1 Asia Pulse - India's Mudra Lifestyle (BSE:532820), which manufactures and exports garments, yesterday said it plans to raise up to Rs 2 billion (US$50.76 million) through the issue of securities in overseas markets.

In this regard, the firm will issue Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), among others.

Further, it intends to borrow upto Rs 5 billion for business activities, it said in a filing to the Bombay Stock Exchange.

Related articles from newspapers, magazines, journals, and more
Mudra Lifestyle: Invest at cut-off.
News wire article from: Business Line February 11, 2007 700+ words
...subscribing to the initial public offer of Mudra Lifestyle. The price band of Rs 75-90 values...period Growth prospects would hinge on Mudra Lifestyle's ability to transition from a fabric...flow in only in FY-09 Background Mudra Lifestyle is a manufacturer of fabrics and garments...
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News wire article from: PTI - The Press Trust of India Ltd. February 6, 2007 700+ words
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News wire article from: Business Line February 8, 2007 700+ words
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(From India Business Insight) Mudra Lifestyle, a fabrics and garments manufacturer, has announced an...will open on 8 Feb 2007 and will close on 14 Feb 2007. Mudra Lifestyle will utilise the proceeds of the IPO to fund its expansion...
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...India Business Insight) Indian garment manufacturers like Mudra Lifestyle of Mumbai supplying to various international stores and...large margins by seeking designs from India. Exports of Mudra Lifestyle have zoomed from Rs2 crore 2 years ago to Rs35 crore now...
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Magazine article from: India Business Insight February 10, 2007 700+ words
(From India Business Insight) Mudra Lifestyle Ltd has announced an initial public issue of 95.8 lakh equity shares of Rs10 each in the price band of Rs75-90 per share...
MUDRA LIFESTYLE IPO'S PRICE BAND AT Rs75-90 (the IPO will be open during 8-14...
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(From India Business Insight) Mudra Lifestyle is launching an initial public offering (IPO) of 95.8 lakh equity shares of face value Rs10 each, in the price band of Rs75...
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Magazine article from: India Business Insight January 23, 2007 700+ words
(From India Business Insight) Mudra Lifestyle (ML) is an integrated textile company that is into weaving, processing and garmenting. It has its manufacturing facilities...
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Source: HighBeam Research, INDIA'S MUDRA LIFESTYLE TO RAISE US$50.7 MLN VIA SECURITIES ISSUE.

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