Essar Oil could issue up to $2 billion in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 26 - Essar Oil Ltd. informed the Bombay Stock Exchange that it could issue up to $2 billion in convertibles.

The company will consider the proposal at an extra ordinary general meeting scheduled for Dec. 18.

Other securities being considered include Global Depositary Receipts, American Depositary Receipts or any fully or partially convertible securities.

Mumbai, India-based Essar Oil is an integrated oil and gas company.

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