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Indiabulls Financial plans to issue up to $1 billion in convertibles
By Devika Patel
Knoxville, Tenn., Jan. 7 - Indiabulls Financial Services Ltd. informed the Bombay Stock Exchange that it will consider plans to issue up to $1 billion in foreign currency convertible bonds at an extraordinary general meeting on Feb. 1.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Indiabulls Financial Services is a retail financial services company based in New Delhi.
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