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India's Nilkamal board approves convertibles issue at Jan. 16 meeting
By Susanna Moon
Chicago, Jan. 19 - Nilkamal Ltd. informed the Bombay Stock Exchange that its board of directors approved issuing convertible securities by way of a qualified institutions placement.
The company will hold a meeting on Feb. 12 to seek shareholder approval.
Nilkamal is a Mumbai, India-based company with four business segments: plastics, lifestyle furnishings, property development and metal storage systems.
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