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Glory Polyfilms OKs sale of up to $25 million in convertible bonds
By Devika Patel
Knoxville, Tenn., Aug. 31 - Glory Polyfilms Ltd. told the Bombay Stock Exchange that it approved plans at a board of directors meeting on Aug. 29 to issue up to $25 million in foreign currency convertible bonds.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Mumbai, India-based Glory Polyfilms is an extruded multi-layer barrier film and flexible laminates manufacturer.
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