ABG Shipyard shareholders approve possible convertibles issue

By Laura Lutz

Des Moines, Aug. 18 - ABG Shipyard Ltd. announced that shareholders approved an issue of up to 5,889,175 equity shares or securities convertible into equity shares to qualified institutional buyers.

The timing and terms of the issue would be at the company's discretion.

Approval was given at the annual general meeting on Friday.

ABG Shipyard is a shipbuilding company with headquarters in Mumbai, India.

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