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Anand Electric approves plans to issue foreign currency convertibles
By Devika Patel
Knoxville, Tenn., June 27 - Anand Electric Supply Co. Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue foreign currency convertible bonds at a board of directors meeting on June 25.
The company also is considering issuing equity shares, warrants, American Depositary Receipts and Global Depositary Receipts.
The Mumbai, India, company supplies electricity.
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