Pokarna seeks restructuring of its foreign currency convertible bonds

By Tali David

Minneapolis, March 27 - Pokarna Ltd. announced that its board of directors decided at a meeting held on Tuesday to seek restructuring of its foreign currency convertible bonds, according to a news release.

The restructuring is subject to approval of the Reserve Bank of India and the convertibles' shareholders.

Pokarna is an Andhra Pradesh, India-based granite mining company.

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