Shriram board of directors OKs Rs. 1.5 billion convertibles issue

By Ashley Montgomery

Kansas City, Kan., May 31 - Shriram EPC Ltd. informed the Bombay Stock Exchange that its board of directors approved the issue of up to Rs. 1.5 billion of equity share in the form of foreign currency convertibles.

The issue may also be made in qualified institutional placements, American Depositary Receipts, Global Depositary Receipts or other securities.

Chennai, India-based Shriram provides services for solving engineering challenges.

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