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Adani Enterprises approves up to Rs. 40 billion in convertible bonds
By Devika Patel
Knoxville, Tenn., May 4 - Adani Enterprises Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 40 billion in foreign currency convertible bonds at a board of directors meeting on May 4.
The company also is considering convertible and non-convertible debentures, Global Depositary Receipts, American Depositary Receipts, preference shares, warrants and other equity-linked securities.
Adani Enterprises is a diversified company based in Ahmedabad, India.
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