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India's Filmcity maintains plans to sell up to $10 million in convertibles
By Devika Patel
Knoxville, Tenn., May 23 - Filmcity Media Ltd. informed the Bombay Stock Exchange that it decided to proceed with plans to issue up to $10 million in foreign-currency convertible bonds at a board of directors meeting on May 23.
The company has a committee of four directors to oversee the issue.
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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