Triveni to consider issuing up to Rs. 2.5 billion in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 7 - Triveni Engineering & Industries Ltd. informed the Bombay Stock Exchange that it plans a board of directors meeting on Nov. 14 to discuss issuing up to Rs. 2.5 billion in convertibles.

Securities may include debentures, convertible bonds and other instruments convertible into equity shares.

Triveni is a Noida, India-based manufacturer of sugar, turbines, gears, gearboxes and water and wastewater treatment systems.

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