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India's Essar Shipping mulls issuing convertibles
By Devika Patel
Knoxville, Tenn., Feb. 6 - Essar Shipping Ltd. informed the Bombay Stock Exchange that it will consider plans to issue foreign currency convertible bonds at an extraordinary general meeting on Feb. 23.
The company also is considering issuing other convertible securities, Global Depositary Receipts and American Depositary Receipts.
Essar Shipping is a fleet operations and chartering company based in Bangalore, India.
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