NCL Industries may issue convertibles

By Devika Patel

Knoxville, Tenn., July 23 - NCL Industries Ltd. informed the Bombay Stock Exchange that it may issue convertible bonds.

The company will hold an extraordinary general meeting on July 30 to discuss the proposal.

Securities will have a conversion rate of at least Rs. 45 per equity share.

NCL Industries is a Hyderabad, India-based manufacturer of building materials

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