Sintex Industries plans to issue up to $300 million in convertibles

By Devika Patel

Knoxville, Tenn., Dec. 24 - Sintex Industries Ltd. informed the Bombay Stock Exchange that it passed a resolution to issue up to $300 million of convertibles at an extraordinary general meeting on Monday.

As previously reported, the company authorized plans to issue the bonds at a board of directors meeting on Nov. 30.

Other securities being considered include qualified institutional placements, Global Depositary Receipts and American Depositary Receipts.

Based in Kalol, India, Sintex Industries is a maker of plastic products including building supplies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.