Surana Telecom and Power could issue $25 million convertible bonds

By Devika Patel

Knoxville, Tenn., Nov. 12 - Surana Telecom and Power Ltd. notified the Bombay Stock Exchange that it approved a proposal to issue $25 million of 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.

The Secunderabad, India, company makes petro products, optic fibre cables, low-tension and high-tension power cables, solar modules and other solar photovoltaic products.

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