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Nitin Fire board approves up to $50 million convertibles offering
By Jennifer Chiou
New York, June 4 - Nitin Fire Protection Industries Ltd. informed the Bombay Stock Exchange that its board of directors authorized at its meeting on June 4 an up to $50 million issue of foreign currency convertible bonds.
The company also may issue Global Depositary Receipts.
Nitin Fire Protection Industries is based in Mumbai, India.
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