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Responsive Industries aims to sell up to $150 million in convertibles
By Devika Patel
Knoxville, Tenn., Nov. 30 - Responsive Industries Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $150 million in foreign currency convertible bonds at an extraordinary general meeting on Nov. 27.
The company also is considering non-convertible debentures, convertible debentures, warrants, Global Depositary Receipts and American Depositary Receipts.
Responsive Industries is a Mumbai, India-based vinyl flooring, soft sheeting, rigid poly vinyl chloride and leather cloth manufacturer.
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