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Published on 9/26/2005 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India's Kajaria Ceramics may sell up to $30 million of convertibles

New York, Sept. 26 - Kajaria Ceramics Ltd. said it may sell up to $30 million of convertible bonds or Global Depositary Receipts under an approval given by its board of directors on Saturday.

Proceeds will be used for capital expenditures.

Kajaria is a New Delhi, India, maker of ceramic tiles.


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