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Sesa Goa approves plans to issue up to Rs. 60 billion in convertibles
By Devika Patel
Knoxville, Tenn., Oct. 20 - Sesa Goa Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 60 billion in foreign currency convertible bonds at an extraordinary general meeting on Oct. 20.
The company also is considering issuing Global Depositary Receipts, American Depositary Receipts, non-convertible debentures and warrants.
Sesa Goa, a subsidiary of Vedanta Resources plc, is an iron ore producer and exporter based in Panaji, India.
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