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India's SEL Manufacturing considers raising funds through convertibles
By Devika Patel
Knoxville, Tenn., July 27 - SEL Manufacturing Co. Ltd. informed the Bombay Stock Exchange that it will consider plans to issue foreign-currency convertible bonds, exchangeable bonds and convertible debentures at a board of directors meeting on July 31.
The company also is considering depositary receipts.
Ludhiana, India-based SEL Manufacturing is a textile company.
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