C Mahendra plans to launch public issue

C Mahendra Exports, a leading Indian diamond and jewellery manufacturer is preparing to launch a public issue, as reported in a leading media. It has begun filing the needed documents, and as per reports, it has already filed a draft Red Herring Prospectus for the issue of shares of C. Mahendra Exports Limited. Reports say that the issue is likely to come into the market in July 2010.