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Ennore Foundries approves up to Rs. 1 billion in convertibles
By Devika Patel
Knoxville, Tenn., Jan. 23 - Ennore Foundries Ltd. informed the Bombay Stock Exchange it approved a proposal to issue up to Rs. 1 billion in convertible bonds at an extraordinary general meeting on Jan. 5.
The company also is considering issuing American Depositary Receipts and Global Depositary Receipts.
Chennai, India-based Ennore Foundries manufactures iron and aluminum gravity die-casting for automobiles, compressors, industrial engines, power generators, tractors and defense and marine applications.
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