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Amtek Auto intends to issue up to $175 million of convertible bonds
By Devika Patel
Knoxville, Tenn., July 17 - Amtek Auto Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $175 million of foreign currency convertible bonds at an extraordinary general meeting on Friday.
The company also is considering Global Depositary Receipts and other equity-linked instruments.
Amtek Auto is a New Delhi-based auto parts maker.
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