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Prospect News home > News index > List of issuers S > Headlines for Sintex Industries Ltd. > News item
Published on 5/28/2015 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Sintex Industries mandatorily converts 7.5% step-down convertibles

By Angela McDaniels

Tacoma, Wash., May 28 – Sintex Industries Ltd. exercised its mandatory conversion option for its $140 million of 7.5% step-down convertible bonds due 2017, according to a letter to Singapore Exchange Securities Trading Ltd.

The company issued a notice of mandatory conversion on May 28.

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


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