Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eveready Industries India Ltd. > News item |
India’s Eveready board approves up to Rs. 1.5 billion of securities
By Wendy Van Sickle
Columbus, Ohio, July 24 – Eveready Industries India Ltd.’s board of directors approved on Friday the issuance of up to Rs. 1.5 billion of debt securities, according to a notice with the Bombay Stock Exchange.
The securities, which may include equity shares, fully or partly convertible debentures and nonconvertible debentures with warrants, will be offered to qualified institutional buyers on private placement basis.
The securities are subject to approval of company members who are set to consider the matter at their Aug. 21 annual general meeting.
The Kolkata, India-based company manufactures batteries, flashlights and packet tea.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.