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MIC hopes to issue up to $30 million in foreign currency convertibles
By Devika Patel
Knoxville, Tenn., Sept. 9 - MIC Electronics Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $30 million in foreign currency convertible bonds at an extraordinary general meeting on Sept. 9.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Hyderabad, India-based MIC produces light emitting diode video displays and electronic and telecommunication equipment.
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