Jhaveri board gets permission to issue up to Rs. 1 billion in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 26 - Jhaveri Flexo India Ltd. informed the Bombay Stock Exchange that its members have given its board permission to issue up to Rs. 1 billion in convertible bonds at an extra ordinary general meeting on Oct. 20.

Other securities being considered are equity shares, preference shares, debentures and warrants.

Jhaveri is a manufacturer of flexible laminates with headquarters in Mumbai, India.

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