Punjab Chemicals board may issue foreign currency convertible bonds

By Ashley Montgomery

Kansas City, Kan. May 18 - Punjab Chemicals & Crop Protection Ltd. informed the Bombay Stock Exchange that is board of directors will consider issuing foreign currency convertible bonds at a meeting on May 22.

The board will also consider issues of global depositary receipts, American Depositary Receipts, private equity, structured debt, qualified institutional placements and other securities.

Punjab Chemicals is an agrochemicals, industrial chemicals and pharmaceuticals company based in Mumbai, India.

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