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South Asian Petrochem trims conversion price on 0% convertibles
By Devika Patel
Knoxville, Tenn., Dec. 2 - South Asian Petrochem Ltd. said it adjusted the conversion price of its $20 million in zero-coupon unsecured foreign currency convertible bonds due 2013 to Rs. 17.01 per share from Rs. 22.50 per share.
Based in Kolkata, India, South Asian Petrochem is a manufacturer of bottle-grade polyethylene terephthalate resin.
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