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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 6/30/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

India's Pidilite issues 232,926 shares in exchange for convertibles

By Marisa Wong

Madison, Wis., June 30 - Pidilite Industries Ltd. informed the Singapore Exchange that it issued 232,926 common shares in exchange for $600,000 of its foreign-currency convertible bonds.

Following the transactions, $36.3 million of the original $40 million principal amount remains outstanding.

Pidilite is a Mumbai, India-based industrial and consumer chemical producer.


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