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Published on 3/17/2008 in the Prospect News Convertibles Daily.

Salora International OKs up to Rs. 500 million in convertibles

By Devika Patel

Knoxville, Tenn., March 17 - Salora International Ltd. informed the Bombay Stock Exchange that its members approved plans to issue up to Rs. 500 million in foreign currency convertible bonds and convertible debentures at an extraordinary meeting on March 14.

The company also is considering equity shares.

New Delhi-based Salora International exports televisions.


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