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Triveni seeks shareholder OK for up to Rs. 2.5 billion in convertibles
By Devika Patel
Knoxville, Tenn., Nov. 19 - Triveni Engineering & Industries Ltd. informed the Bombay Stock Exchange that it plans to issue up to Rs. 2.5 billion in convertibles. It will seek shareholder approval for this resolution via a postal ballot.
Securities may include Global Depositary Receipts, American Depositary Receipts, 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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