Liquor maker United Spirits said late on Wednesday its board approved raising up to USD 225 million via foreign currency convertible bonds (FCCBs) to cut high cost debt and help improve earnings.
Standard Chartered Bank , Rabo Bank and DBS Bank have been appointed as advisors to the issue planned in early 2012, the company said in a filing to the Bombay Stock Exchange.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
