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Indowind Energy plans to issue $100 million in convertibles
By Devika Patel
Knoxville, Tenn., Oct. 10 - Indowind Energy Ltd. notified the Bombay Stock Exchange that it might issue up to $100 million in convertibles.
The company approved the proposal at a board of directors meeting held Wednesday.
Securities may include Global Depositary Receipts, American Depositary Receipts and foreign currency convertible bonds.
Based in Chennai, India, Indowind Energy offers windmill-generated green power to its customers.
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