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Vyapar board authorized to sell up to $50 million in convertibles
By Devika Patel
Knoxville, Tenn., Aug. 31 - Vyapar Industries Ltd. notified the Bombay Stock Exchange that its board members have been granted authority to issue up to $50 million in convertibles.
The company approved the proposal at an extra ordinary general meeting on Thursday.
Securities may include Global Depositary Receipts, American Depositary Receipts, convertible debentures or secured premium notes.
Mumbai, India-based Vyapar is a manufacturer and exporter of embroidery, yarns, threads, fabrics and other accessories.
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