Everest Kanto seeks approval for plans to issue convertible debentures

By Devika Patel

Knoxville, Tenn., May 5 - Everest Kanto Cylinder Ltd. informed the Bombay Stock Exchange that it is seeking shareholder approval for plans to issue fully or partially convertible debentures through a postal ballot.

Other securities being considered include warrants and secured premium notes.

Everest Kanto is a Mumbai, India-based industrial cylinder producer.

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