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Santowin approves up to $198 million of foreign currency convertibles
By Devika Patel
Knoxville, Tenn., April 6 - Santowin Corp. Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $198 million of foreign currency convertible bonds at a board of directors meeting on April 6.
The Mumbai, India-based textiles company also is considering issuing Global Depositary Receipts.
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