Hindustan Dorr-Oliver board OKs up to Rs. 1 billion of convertibles

By Tali Rackner

Norfolk, Va., June 2 - Hindustan Dorr-Oliver Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved plans to issue up to Rs. 1 billion of securities.

The securities may be Global Depositary Receipts, American Depositary Receipts, convertible equity shares or any securities that represent convertibles and are convertible into equity shares.

Based in Mumbai, India, Hindustan Dorr-Oliver provides engineering and turnkey solutions, technology and engineering, procurement and construction installations in liquid-solid separation applications in various segments like mineral processing and beneficiation, pulp and paper processing, fertilizer and chemicals and environmental management.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.