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Vivimed Labs holders to mull issue of $75 million foreign currency convertibles
By Jennifer Chiou
New York, Dec. 19 - Vivimed Labs Ltd. informed the Bombay Stock Exchange that it will hold a Dec. 30 shareholders' meeting to vote on an issue of $75 million of foreign currency convertible bonds.
The company's board approved the issue on Dec. 4.
The company previously noted that it may issue American Depositary Receipts or Global Depositary Receipts as alternatives.
The Hyderabad, India, company produces products that focus on oral care, sun care and hair care.
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