India's Satra Properties OKs plans to issue convertibles

By Devika Patel

Knoxville, Tenn., Nov. 12 - Satra Properties India Ltd. informed the Bombay Stock Exchange that it approved plans to issue convertibles at a board of directors meeting on Monday.

Securities being considered include Global Depositary Receipts, American Depositary Receipts, convertible debentures, convertible bonds and equity shares.

Based in Mumbai, India, Satra Properties is a real-estate development company with a focus on shopping malls.

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