India Cements to meet to discuss up to $150 million convertibles sale

By Devika Patel

Knoxville, Tenn., Nov. 21 - India Cements Ltd. informed the Bombay Stock Exchange that it plans to hold an extra ordinary general meeting on Dec. 14 to discuss the company's plans to issue up to $150 million in convertible bonds.

As previously reported, the company approved the proposal a board of directors meeting on Nov. 19.

The company also is considering issuing convertible debentures, American Depositary Receipts, Global Depositary Receipts and Global Depositary Shares.

India Cements, based in Chennai, India, is the largest producer of cement in south India.

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