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Prospect News home > News index > List of issuers S > Headlines for SEL Manufacturing Co. Ltd. > News item
Published on 3/25/2008 in the Prospect News Convertibles Daily.

SEL Manufacturing's board OKs up to $250 million convertibles offering

By Devika Patel

Knoxville, Tenn., March 25 - SEL Manufacturing Co. Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $250 million in foreign currency convertible bonds and convertible debentures at a board of directors meeting on March 25.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

Ludhiana, India-based SEL Manufacturing is a textile company.


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