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Sheetal Bio Agro hopes to issue up to $650 million in convertibles
By Devika Patel
Knoxville, Tenn., Aug. 24 - Sheetal Bio Agro Tech Ltd. informed the Bombay Stock Exchange that it will vote on plans at a board of directors meeting on Aug. 31 to issue up to $650 million in foreign currency convertible bonds.
The company also is considering Global Depositary Receipts and American Depositary Receipts or other securities.
Sheetal Bio-Agro trades in agro commodities and is based in Ahmedabad, India.
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