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Sahara One board approves up to $50 million convertible bond issue
By Jennifer Chiou
New York, May 10 - Sahara One Media & Entertainment Ltd. informed the Bombay Stock Exchange that its board authorized an up to $50 million issue of foreign currency convertible bonds issue at a May 8 meeting.
The company may issue other securities, including American Depository Receipt and Global Depositary Receipts, as alternatives in one or more offerings.
Based in Mumbai, India, the media entertainment company is focused on television and motion pictures.
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