Satra Properties shareholders OK convertibles offer via postal ballot

By Devika Patel

Knoxville, Tenn., Jan. 22 - Satra Properties India Ltd. informed the Bombay Stock Exchange that its shareholders approved plans to issue convertibles via a postal ballot.

The company approved the bonds at a board of directors meeting on Nov. 12.

Securities being considered include 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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