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Filatex India board to consider issue of convertibles on Aug. 25
By Sarah Lizee
Olympia, Wash., Aug. 21 – Filatex India Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Aug. 25 to consider issuing foreign currency convertible bonds.
The company said the meeting was originally scheduled for Aug. 23 but was rescheduled for “unavoidable reasons.”
The board will also consider issuing American Depositary Receipts or Global Depositary Receipts.
New Delhi-based Filatex is a manufacturer of synthetic filament yarns.
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