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Published on 8/3/2011 in the Prospect News Convertibles Daily.

Ram Kaashyap approves $75 million foreign currency convertible bonds

By Devika Patel

Knoxville, Tenn., Aug. 3 - Ram Kaashyap Investment Ltd. informed the Bombay Stock Exchange that it approved plans to issue $75 million of foreign currency convertible bonds at a board of directors meeting on Aug. 3.

The company also plans to issue $75 million of Global Depositary Receipts.

Ram Kaashyap is based in India.


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