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Sujana Metal approves plans to for up to $60 million in convertibles
By Devika Patel
Knoxville, Tenn., Oct. 26 - Sujana Metal Products Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $60 million in foreign currency convertible bonds at an extraordinary general meeting on Oct. 24.
The company also is considering issuing Global Depositary Receipts.
Hyderabad, India-based Sujana Metal makes various steel products/applications, such as thermo mechanically treated bars and structural steel.
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