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India’s Interlink Petroleum board OKs raising up to Rs. 25 billion
By Tali Rackner
Norfolk, Va., June 6 – Interlink Petroleum Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and approved raising up to Rs. 20 billion of additional capital by way of debentures (convertible or otherwise), equity shares, foreign-currency convertible bonds, Global Depositary Receipts or any combination thereof.
The securities will be issued on a public or private placement basis.
The board also approved borrowing powers of up to Rs. 25 billion, including the additional capital.
Interlink is a Noida, India-based company that explores, develops and produces oil and gas fields.
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