Temptation Foods may issue up to $200 million in convertibles

By Devika Patel

Knoxville, Tenn., Aug. 22 - Temptation Foods Ltd. notified the Bombay Stock Exchange that it might raise up to $200 million in convertibles.

The company held a board meeting on Wednesday to approve the proposal.

Securities may include American Depositary Receipts, Global Depositary Receipts, preference shares, equity shares and convertible bonds.

Pune, India-based Temptation Foods processes and exports fruits and vegetables.

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