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CHD Developers plans to issue up to $20 million of convertibles
By Angela McDaniels
Seattle, Feb. 6 - CHD Developers Ltd. plans to issue up to $20 million of foreign-currency convertible bonds, convertible debentures, Global Depositary Receipts, American Depositary Receipts or equity shares to foreign investors.
The company will seek shareholder approval at an extraordinary general meeting on Feb. 24, according to a company notice filed with the Securities and Exchange Commission.
CHD is a real estate developer based in New Delhi, India.
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