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Essar Oil OKs up to $2 billion in convertibles
By Devika Patel
Knoxville, Tenn., Feb. 28 - Essar Oil Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $2 billion in convertibles at an extraordinary general meeting on Feb. 28.
Other securities being considered include Global Depositary Receipts, American Depositary Receipts and convertible debentures.
Mumbai, India-based Essar Oil is an integrated oil and gas company.
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