Kiri Industries approves up to Rs. 3 billion offering of convertibles

By Ashley Montgomery

Kansas City, Kan., March 2 - Kiri Industries Ltd. informed the Bombay Stock Exchange that it approved an issue of convertible securities at a meeting on Wednesday.

The company may issue up to Rs. 3 billion of convertible securities other than warrants, non-convertible debentures with warrants, equity shares, or a combination of the securities.

Kiri is based in Ahmedabad, India. The company manufactures and sells dyes, dye intermediates and basic chemicals.

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