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Prospect News home > News index > List of issuers S > Headlines for Surya Pharmaceutical Ltd. > News item
Published on 1/29/2009 in the Prospect News Convertibles Daily.

Surya hopes to issue up to Rs. 1 billion in convertibles

By Devika Patel

Knoxville, Tenn., Jan. 29 - Surya Pharmaceutical Ltd. informed the Bombay Stock Exchange at a board of directors meeting on Jan. 29 that it resolved to issue up to Rs. 1 billion in foreign currency convertible bonds.

The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.

Based in Chandigarh, India, Surya is a pharmaceutical company focused on the development of antibiotic drugs.


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