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Published on 1/31/2008 in the Prospect News Convertibles Daily.

India's Classic Diamonds OKs convertibles issue

By Devika Patel

Knoxville, Tenn., Jan. 31 - Classic Diamonds India Ltd. informed the Bombay Stock Exchange that it plans to issue convertible bonds at an extraordinary general meeting on Jan. 31.

The company approved the bonds at a board of directors meeting on Dec. 12.

Based in Mumbai, India, Classic Diamonds exports diamonds and gold-studded jewelry.


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