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Published on 8/31/2009 in the Prospect News Convertibles Daily.

Hiran Orgochem approves up to Rs. 750 million in convertible bonds

By Devika Patel

Knoxville, Tenn., Aug. 31 - Hiran Orgochem Ltd. informed the Bombay Stock Exchange that it approved a proposal at a board of directors meeting on Aug. 29 to issue up to Rs. 750 million in foreign currency convertible bonds and debentures.

Other securities being considered are Global Depositary Receipts, American Depositary Receipts and other equity-related instruments.

Mumbai, India-based Hiran Orgochem manufactures pharmaceutical ingredients.


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