Karuturi announces plans to reissue $55.08 million of convertibles

By Ashley Montgomery

Kansas City, Kan., Aug. 14 - Karuturi Global Ltd. informed the Bombay Stock Exchange that its board of directors has approved the restructuring of foreign currency convertible bonds.

The bonds are in the amount of $55,077,536, including interest.

The company also plans to extend the maturity for one year.

Karuturi is an agriculture production company based in Bangalore, India.

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