Sujana Towers considers $100 million of foreign currency convertibles

By Devika Patel

Knoxville, Tenn., Nov. 10 - Sujana Towers Ltd. informed the Bombay Stock Exchange that it will vote on plans to issue up to $100 million in foreign currency convertible bonds at a board of directors meeting on Nov. 11.

The company also may issue Global Depositary Receipts and American Depositary Receipts.

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

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