Century Plyboards holders OK up to Rs. 5 billion convertibles issue

By Jennifer Chiou

New York, Jan. 5 - Century Plyboards India Ltd. informed the Bombay Stock Exchange that shareholders approved an up to Rs. 5 billion issue of foreign currency convertible bonds at a meeting on Dec. 30.

The Kolkata, India-based plywood manufacturer added that it may opt to issue other securities convertible into equity shares, including Global Depositary Receipts.

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