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Ind-Swift Laboratories may issue up to Rs. 5 billion of convertibles
By Devika Patel
Knoxville, Tenn., Sept. 2 - Ind-Swift Laboratories Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 5 billion of foreign currency convertible bonds at an annual general meeting on Aug. 31.
The company also is considering Global Depositary Receipts.
Ind-Swift is a Chandigarh, India, pharmaceutical company.
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