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Essel Propack OKs up to $50 million of convertible bonds, debentures
By Devika Patel
Knoxville, Tenn., March 14 - Essel Propack Ltd. informed the Bombay Stock Exchange that its members approved plans to issue up to $50 million of foreign currency convertible bonds and convertible debentures at an extraordinary general meeting on March 14.
The company also is considering Global Depositary Receipts and American Depositary Receipts.
Thane, India-based Essel Propack is a specialty packaging company.
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