Manpasand Beverages Ltd (MBL), fruit drink and carbonated fruit drink company, is planning a new unit at Ambala in Haryana with the investment of Rs. 150 crore and also to modernize its existing manufacturing facilities at Vadodara and Varanasi with an investment of Rs.40 crore to Rs.50 crore. It has also plans to repay loans to the tune of Rs.150 crore. For these, the company plans to raise Rs.400 crore through an initial public offer (IPO).
Extracted from The Hindu, May 05,’15