Nimbus Foods Industries to discuss issuing convertible debentures

By Tali Rackner

Norfolk, Va., Dec. 8 – Nimbus Foods Industries Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Dec. 11, inter alia, to consider plans to issue convertible debentures, convertible warrants, equity shares or other securities.

It will also discuss increasing the company’s authorized capital.

Based in Gujarat, India, Nimbus makes decorations and toppings for the bakery, cereals, confectionery, dairy desserts and ice cream markets.

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