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Published on 6/22/2009 in the Prospect News Convertibles Daily.

Hindustan Construction approves up to Rs. 1.5 billion in convertibles

By Devika Patel

Knoxville, Tenn., June 22 - Hindustan Construction Co. Ltd. informed the Bombay Stock Exchange that it approved plans to sell up to Rs. 1.5 billion in foreign-currency convertible bonds at an extraordinary general meeting on June 22.

The company may also issue stock, Global Depositary Receipts and American Depositary Receipts.

Hindustan Construction is a Mumbai, India-based construction company.


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