Larsen & Toubro may offer $200 million foreign-currency convertibles

By Angela McDaniels

Tacoma, Wash., Oct. 8 - Larsen & Toubro Ltd. is considering an offering of up to $200 million foreign-currency convertible bonds, according to a company notice filed with the Bombay Stock Exchange.

The bonds would be convertible into newly issued shares of the company with a face value of Rs. 2 each.

Larsen & Toubro is a Mumbai, India-based technology, engineering, construction and manufacturing company.

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