Hanung may sell up to $50 million of convertibles

By Susanna Moon

Chicago, July 30 - Hanung Toys & Textiles Ltd. notified the Bombay Stock Exchange that it could issue up to $50 million of convertibles.

The company's board held a meeting on July 30 to approve the securities.

Securities proposed include convertible bonds, equity shares, Global Depository Receipts, American Depository Receipts, warrants and qualified institutional placements.

Hanung manufactures and exports soft toys and home furnishings and is based in New Delhi, India.

© 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.