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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.
Source: HighBeam Research, INDIA'S MUDRA LIFESTYLE TO RAISE US$50.7 MLN VIA SECURITIES ISSUE.