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India's Filmcity Media OKs up to $10 million in convertibles
By Devika Patel
Knoxville, Tenn., April 2 - Filmcity Media Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $10 million in foreign currency convertible bonds at an extraordinary general meeting on March 31.
Filmcity's board of directors approved the bonds at a meeting on Feb. 26.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Based in Mumbai, India, Filmcity is an entertainment company.
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