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Published on 6/22/2009 in the Prospect News Convertibles Daily.

India's Texmaco may sell up to Rs. 2 billion in convertibles, equity

By Devika Patel

Knoxville, Tenn., June 22 - Texmaco Ltd. informed the Bombay Stock Exchange that it approved plans at a board meeting on June 22 to sell up to Rs. 2 billion in convertible instruments.

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

Texmaco is a Kolkata, India-based company.


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