Sujana Towers members approve plans to issue $60 million in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 5 - Sujana Towers Ltd. informed the Bombay Stock Exchange that members at its annual general meeting on Thursday have approved plans to raise up to $60 million through foreign currency convertible bonds.

The bid was passed along with a proposal to sell up to Rs. 80 million in convertible debentures to IFCI Ltd.

Hyderabad, India-based Sujana Towers manufactures galvanized steel towers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.