Ashapura Minechem to discuss convertibles, debentures at board meeting

By Devika Patel

Knoxville, Tenn., Dec. 26 - Ashapura Minechem Ltd. informed the Bombay Stock Exchange that it will seek approval for plans to issue convertible bonds and debentures at a board of directors meeting on Jan. 4.

The company also will consider issuing preferential warrants, equity shares and other instruments liked to equity shares.

Based in Mumbai, India, Ashapura Minechem mines, processes and exports bentonite, bauxite, barites and value-added products such as kaolin, bleaching clay, calcined bauxite and geosynthetic clay liners.

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