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Published on 3/24/2008 in the Prospect News Convertibles Daily.

Shri Lakshmi Cotsyn may nix plans to issue convertible debentures

By Devika Patel

Knoxville, Tenn., March 24 - Shri Lakshmi Cotsyn Ltd. informed the Bombay Stock Exchange it is reconsidering its plans to offer convertible debentures due to turbulent market conditions. The company will discuss the proposal at a board of directors meeting on March 31.

The Kanpur, India-based textile company is focused on synthetic blends, denim and cotton.


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