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Published on 6/8/2010 in the Prospect News Convertibles Daily.

Padmalaya approves plans to issue foreign currency convertible bonds

By Devika Patel

Knoxville, Tenn., June 8 - Padmalaya Telefilms Ltd. informed the Bombay Stock Exchange that it approved plans to issue foreign currency convertible bonds at a board of directors meeting on June 7.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

The media company is based in Hyderabad, India.


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