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Published on 12/20/2004 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India Cements considers issuing debentures, warrants

By Reshmi Basu

New York. Dec. 20 - India Cements Ltd. said it will hold a board meeting on Dec. 24 to consider a proposal to issue convertible debentures and equity warrants.

Terms and conditions of the issuance will be decided upon at the meeting.

The company, based in Chennai, is the largest producer of cement in South India.


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