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Nandan Denim OKs Rs. 5 billion of foreign-currency convertible bonds
By Devika Patel
Knoxville, Tenn., Aug. 8 – Nandan Denim Ltd. informed the Bombay Stock Exchange that it approved plans to issue Rs. 5 billion of foreign-currency convertible bonds at a board of directors meeting on Aug. 8.
The company also is considering Global Depository Receipts and American Depository Receipts.
Based in Ahmedabad, India, the company manufacturers denim.
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