Shetron's board to consider raising $15 million in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 24 - Shetron Ltd. informed the Bombay Stock Exchange that its board of directors has scheduled a meeting to discuss the company's plans to issue up to $15 million in convertible bonds.

Other securities being considered are American Depositary Receipts, Global Depositary Receipts equity share warrants and private equity.

Shetron is a Mumbai, India-based manufacturer of metal cans for food and dry cell battery jackets and components.

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