Sanwaria Agro Oils plans to issue Rs. 750 million in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 4 - Sanwaria Agro Oils Ltd. informed the Bombay Stock Exchange that it has decided to issue up to Rs. 750 million in convertibles.

The company passed the proposal at an annual general meeting on Sept. 29.

Securities may include American Depositary Receipts, Global Depositary Receipts, American Depositary Shares and convertible bonds, warrants and debentures.

Sanwaria Agro Oils is an Itarsi, India-based company that extracts soy beans and other minor oil seeds.

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