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Prospect News home > News index > List of issuers V > Headlines for Vardhman Polytex Ltd. > News item
Published on 10/25/2011 in the Prospect News Convertibles Daily.

Vardhman Polytex OKs Rs. 3 billion of foreign currency convertibles

By Devika Patel

Knoxville, Tenn., Oct. 25 - Vardhman Polytex Ltd. informed the Bombay Stock Exchange that it approved plans at a board of directors meeting on Oct. 25 to issue up to Rs. 3 billion of foreign currency convertible bonds or convertible debentures.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

Vardhman is a textile producer based in Ludhiana, India.


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