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Malu Paper may sell up to Rs. 5 billion foreign-currency convertibles
By Devika Patel
Knoxville, Tenn., Sept. 20 - Malu Paper Mills Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 5 billion in foreign-currency convertible bonds at a board of directors meeting on Sept. 17.
The company also is considering Global Depositary Receipts and American Depositary Receipts.
The paper manufacturer is based in Nagpur, India.
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