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Prospect News home > News index > List of issuers N > Headlines for Nitco Tiles Ltd. > News item
Published on 1/25/2007 in the Prospect News Convertibles Daily.

Nitco may issue up to Rs. 2.5 billion of foreign-currency convertibles

By Angela McDaniels

Seattle, Jan. 25 - Nitco Tiles Ltd. plans to sell up to Rs. 2.5 billion of foreign-currency convertible notes, Global Depositary Receipts or American Depositary Receipts, according to a company notice filed with the Bombay Stock Exchange.

The company's board of directors approved the issuance at its meeting on Tuesday.

Nitco is a flooring and paint manufacturer based in Mumbai, India.


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