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Southern Ispat approves up to Rs. 50 million in convertible bonds
By Devika Patel
Knoxville, Tenn., April 7 - Southern Ispat Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 50 million in foreign currency convertible bonds at a board of directors meeting on April 7.
The company also is considering Global Depositary Receipts and American Depositary Receipts.
Palakkad, India-based Southern Ispat manufactures steel products.
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