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India’s Wockhardt may issue private placement bonds, convertibles
By Susanna Moon
Chicago, April 21 – Wockhardt Ltd. notified the Bombay Stock Exchange that its board of directors will meet on May 4 to consider a private placement of debentures.
The company also may raise funds by issuing foreign-currency convertible bonds, fully convertible debentures, partly convertible debentures, preference shares convertible into equity shares or any other financial instruments convertible into equity shares, the notice said.
Mumbai, India-based Wockhardt is a technology-driven pharmaceutical and biotechnology company.
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