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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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