Rajesh Exports board approves up to $150 million issue of convertibles

By Jennifer Chiou

New York, Feb. 5 - Rajesh Exports Ltd. informed the Bombay Stock Exchange that its board authorized an issue of up to $150 million foreign-currency convertible bonds, Global Depositary Receipts and/or American Depositary Receipts convertible into equity shares or warrants convertible into depositary receipts with underlying equity shares.

The Bangalore, India-based company manufactures and exports gold jewelry.

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