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Hiran Orgochem gets OK for up to Rs. 750 million in convertibles
By Devika Patel
Knoxville, Tenn., Oct. 16 - Hiran Orgochem Ltd. informed the Bombay Stock Exchange that its members have approved an issue of up to Rs. 750 million in convertible bonds via a postal ballot.
The company also is considering issuing partly convertible debentures, optionally convertible debentures, fully convertible debentures, Global Depositary Receipts, American Depositary Receipts and other equity-related instruments.
Mumbai, India-based Hiran Orgochem manufactures pharmaceutical ingredients.
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