Jet Airways obtains shareholder approval to issue convertibles

By Devika Patel

Knoxville, Tenn., May 21 - Jet Airways Ltd. informed the Bombay Stock Exchange that it received approval from its shareholders for plans to issue foreign currency convertible bonds via a postal ballot.

The company's board of directors approved the bonds at a meeting on April 3.

Securities may also include Global Depositary Receipts and American Depositary Receipts.

Jet Airways is an Andheri, India-based domestic airline.

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