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Padmalaya Telefilms gets approval for Rs. 2 billion of convertibles
By Devika Patel
Knoxville, Tenn., Sept. 30 - Padmalaya Telefilms Ltd. informed the Bombay Stock Exchange that it approved plans at an annual general meeting on Sept. 30 to issue up to Rs. 2 billion of foreign currency convertible bonds.
The company also is considering Global Depositary Receipts and American Depositary Receipts.
The media company is based in Hyerabad, India.
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