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West Coast Paper Mills may issue up to Rs. 1.5 billion in convertibles
By Devika Patel
Knoxville, Tenn., Aug. 31 - West Coast Paper Mills Ltd. notified the Bombay Stock Exchange that it hopes to raise up to Rs. 1.5 billion in convertibles.
The company approved the proposal at an extra ordinary general meeting on Saturday.
Securities may include American Depositary Receipts, Global Depositary Receipts and convertible bonds.
West Coast Paper Mills is a Bangalore, India-based manufacturer of paper and telecom cables.
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