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Glory Polyfilms OKs up to $25 million in convertibles
By Devika Patel
Knoxville, Tenn., Feb. 12 - Glory Polyfilms Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $25 million in foreign currency convertible bonds at an extraordinary general meeting on Feb. 8.
The company also is considering issuing Global Depositary Receipts, American Depositary Receipts, equity shares and other convertible securities.
Mumbai, India-based Glory Polyfilms is an extruded multi-layer barrier film and flexible laminates manufacturer.
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