India's Aanjaneya Lifecare to defer $75 million issue of convertibles

By Toni Weeks

San Luis Obispo, Calif., March 12 - Aanjaneya Lifecare Ltd. informed the Bombay Stock Exchange that due to unfavorable market conditions, it will defer its planned $75 million issue of foreign-currency convertible bonds.

As previously noted, the company's board of directors had chosen March 12 as the opening of the issuance of the bonds.

Aanjaneya Lifecare is a pharmaceutical company based in Mumbai.

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