Pokarna shareholders approve possible issue of up to $15 million convertibles

By Laura Lutz

Des Moines, Sept. 29 - Pokarna Ltd shareholders granted authority to its board to issue up to $15 million of convertibles.

The offering may include global depository receipts, American depository receipts, foreign currency convertible bonds, equity shares or other convertible securities.

The timing and terms of the offering would be at the board's discretion.

Pokarna is a granite company based in Hyderabad, India.

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