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Prospect News home > News index > List of issuers K > Headlines for KEI Industries Ltd. > News item
Published on 4/24/2006 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India's KEI Industries to issue up to $60 million of convertibles

By Angela McDaniels

Seattle, April 24 - KEI Industries Ltd. said it will issue up to $60 million of convertible securities, foreign-currency convertible bonds, Global Depositary Receipts or American Depositary Receipts.

The issuance, which had been talked at up to $75 million, was authorized by the company's board of directors at its meeting on Friday and is subject to shareholder approval.

KEI Industries is based in New Delhi, India, and manufactures stainless steel wires, cables and winding wires.


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