India’s Sintex Industries to issue $140 million step-down convertibles

By Tali Rackner

Norfolk, Va., Aug. 7 – Sintex Industries Ltd. informed the Bombay Stock Exchange that it plans to issue $140 million of 7.5% step-down convertible bonds due 2017.

The company also allotted 209,001 equity shares of Rs. 1 each for investors choosing to exercise their conversion rights.

With the new allotment, Sintex’s paid up equity share capital was increased to Rs. 330,805,787, divided into shares of Rs. 1 each.

The Gujaral, India, company is a provider of plastics and niche textile-related products.

© 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.