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Published on 3/14/2011 in the Prospect News Convertibles Daily.

Lokesh Machines plans to sell convertible debentures to IFCI Venture

By Devika Patel

Knoxville, Tenn., March 14 - Lokesh Machines Ltd. informed the Bombay Stock Exchange that it will consider plans to issue convertible debentures to IFCI Venture Capital Funds Ltd. at a board of directors meeting on March 17.

The company is based in Hyderabad, India, and makes machine tools and auto components.


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