Webel-Sl Energy approves Rs. 1.5 billion convertibles issue

By Devika Patel

Knoxville, Tenn., Dec. 5 - Webel-Sl Energy Systems Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 1.5 billion in convertibles at a board of directors meeting on Wednesday.

Other securities being considered are American Depositary Receipts and Global Depositary Receipts.

Based in Kolkata, India, Webel-Sl Energy produces solar photovoltaic cells and modules. Solar Photovoltaic cells convert direct sunlight into electricity.

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