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PSL approves up to $125 million in convertible bonds, debentures
By Devika Patel
Knoxville, Tenn., Jan. 18 - PSL Ltd. informed the Bombay Stock Exchange that it authorized plans to issue up to $125 million in foreign currency convertible bonds or convertible debentures at an extraordinary general meeting on Jan. 17.
The company also is considering equity shares and convertible preference shares.
Based in Daman, India, PSL manufactures pipes.
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