Easun Reyrolle may issue up to $60 million in convertibles

By Devika Patel

Knoxville, Tenn., Aug. 22 - Easun Reyrolle Ltd. notified the Bombay Stock Exchange that it might raise up to $60 million in convertibles.

The company held a board meeting on Wednesday to approve the proposal.

Securities may include equity shares, American Depositary Receipts, Global Depositary Receipts and convertible bonds.

Chennai, India-based Easun Reyrolle manufactures and sells power system products and solutions.

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