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Nitin Fire Protection could issue $100 million of convertible bonds
By Devika Patel
Knoxville, Tenn., July 8 - Nitin Fire Protection Industries Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $100 million of foreign currency convertible bonds at a board of directors meeting on July 8.
The company also is considering warrants and Global Depositary Receipts.
Nitin Fire Protection Industries is based in Mumbai, India, and makes fire-fighting equipment.
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