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Published on 5/14/2010 in the Prospect News Convertibles Daily.

Kiri Dyes and Chemicals could issue Rs. 5 billion convertible bonds

By Devika Patel

Knoxville, Tenn., May 14 - Kiri Dyes and Chemicals Ltd. informed the Bombay Stock Exchange that it will weigh plans to issue Rs. 5 billion in foreign currency convertible bonds at a board of directors meeting on May 22.

The company also is considering Global Depositary Receipts.

The dye manufacturer is based in Ahmedabad, India.


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