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Mercator Lines aims to issue up to $40 million in convertibles, equity
By Devika Patel
Knoxville, Tenn., Sept. 24 - Mercator Lines Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $40 million in convertible securities at an annual general meeting on Sept. 24.
The company also is considering issuing equity.
Mercator is a Mumbai, India, ocean shipping company.
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