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Indiabulls Financial mulls issuing convertibles
By Devika Patel
Knoxville, Tenn., Jan. 29 - Indiabulls Financial Services Ltd. informed the Bombay Stock Exchange that it will consider plans to issue convertible debentures at a board of directors meeting on Feb. 5.
The company said on Jan. 7 that it will consider issuing up to $1 billion in foreign currency convertible bonds at an extraordinary general meeting on Feb. 1, but on Jan. 29 it said it is postponing that meeting until further notice.
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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