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Published on 12/8/2008 in the Prospect News Convertibles Daily.

XL Telecom lowers conversion price on foreign currency convertibles

By Devika Patel

Knoxville, Tenn., Dec. 8 - XL Telecom & Energy Ltd. said it adjusted the conversion price of its foreign currency convertible bonds to Rs. 160 per share from Rs. 260 per share.

XL Telecom is a Secunderabad, India-based telecom, solar photovoltaic and ethanol company.


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