Shree Renuka Sugars mulls plans to issue convertibles

By Devika Patel

Knoxville, Tenn., July 23 - Shree Renuka Sugars Ltd. informed the Bombay Stock Exchange that it will consider plans to issue foreign currency convertible bonds at a board of directors meeting on July 31.

The company also is considering issuing Equity Shares, Warrants, Global Depositary Receipts, American Depositary Receipts or any other instruments convertible into equity shares.

Mumbai, India-based Shree Renuka Sugars is a manufacturing company with a focus on sugar, bio fuels and its allied products of renewable energy.

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