Pidilite Industries may issue $50 million convertibles

By Devika Patel

Knoxville, Tenn., Sept. 26 - Pidilite Industries Ltd. informed the Bombay Stock Exchange that it could raise up to $50 million of convertibles.

Shareholders backed the proposal at an annual general meeting on Aug. 29.

Securities may include global depository receipts, American Depository Receipts, debentures, preference shares and convertible debentures, bonds or warrants.

Pidilite Industries is a Mumbai, India-based manufacturer of craftsmen products, do-it-yourself products and industrial specialty chemicals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.