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Published on 3/14/2008 in the Prospect News Convertibles Daily.

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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