Austral Coke plans postal ballot to obtain approval for convertibles

By Devika Patel

Knoxville, Tenn., June 10 - Austral Coke & Projects Ltd. informed the Bombay Stock Exchange that it will seek shareholder approval for an issue of foreign-currency convertible bonds via a postal ballot.

The company also is considering issuing Global Depositary Receipts.

Austral Coke & Projects is a construction and earthmoving machineries rental company based in Mumbai, India.

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