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Published on 5/20/2009 in the Prospect News Convertibles Daily.

Adani approves proposal to issue up to Rs. 15 billion in convertibles

By Devika Patel

Knoxville, Tenn., May 20 - Adani Enterprises Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 15 billion in convertible instruments at a board of directors meeting on May 20.

The company also is considering issuing equity shares.

Adani Enterprises is a diversified company based in Ahmedabad, India.


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