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Sujana Towers authorizes issue of up to $12 million in convertibles
By Devika Patel
Knoxville, Tenn., Sept. 22 - Sujana Towers Ltd. informed the Bombay Stock Exchange that its board of directors approved plans at a meeting on Sept. 22 to issue up to $12 million in foreign currency convertible bonds.
The company also may issue Global Depositary Receipts and equity shares.
Hyderabad, India-based Sujana Towers manufactures galvanized steel towers.
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