India's Apollo Tyres approves Rs. 35 billion convertible securities

By Devika Patel

Knoxville, Tenn., Jan. 5 - Apollo Tyres Ltd. informed the Bombay Stock Exchange that its shareholders approved plans to issue Rs. 35 billion of convertible securities via a postal ballot.

The securities may be comprised of fully or partly convertible debentures, non-convertible debentures or secured premia notes, floating-rates notes and bonds or other debt instruments.

The Haryana, India, company manufactures tires.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.