Koutons Retail India may issue up to $200 million of convertibles

By Ashley Montgomery

Kansas City, Kan., May 17 - Koutons Retail India Ltd. informed the Bombay Stock Exchange that at a meeting on May 17 of its board of directors considered a preferential issue of up to $200 million of equity shares through foreign currency convertible bonds, according to a notice.

The company also considered preferential allotment, private placement, qualified institutional placement, American Depositary Receipts and Global Depositary Receipts.

Koutons Retail is a Gurgaon, India-based apparel manufacturing and retail company.

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