Parekh Aluminex may approve Rs. 4 billion issue of convertible bonds

By Ashley Montgomery

Kansas City, Kan., April 12 - Parekh Aluminex Ltd. will hold a meeting of the members of the company on May 10 to consider approving an issue of up to Rs. 4 billion of foreign-currency convertible bonds.

The company may also choose to issue qualified institutional placements, American Depository Receipts, Global Depository Receipts or other securities.

Parekh Aluminex is a Mumbai, India-based manufacturing and exporting company of aluminum foil containers.

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