Ashapura Minechem seeks approval for Rs. 3 billion of convertibles

By Devika Patel

Knoxville, Tenn., March 4 - Ashapura Minechem Ltd. informed the Bombay Stock Exchange that its shareholders will consider plans to issue up to Rs. 3 billion of convertible securities via a postal ballot.

The company also is considering issuing non-convertible securities and shares.

The bentonite mining company is based in Mumbai, India.

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