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Hester Pharmaceuticals plans to issue up to Rs. 1 billion in convertibles
By Devika Patel
Knoxville, Tenn., Nov. 16 - Hester Pharmaceuticals Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 1 billion in convertibles at an annual general meeting on Sept. 11.
The company also is considering issuing convertible debentures, non-convertible bonds, debentures or bonds with warrants.
Hester Pharmaceuticals is an Ahmedabad, India-based pharmaceutical company.
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