Shrenuj holder puts its $7.5 million of foreign-currency convertibles

By Devika Patel

Knoxville, Tenn., Jan. 29 - Shrenuj & Co. Ltd. informed the Bombay Stock Exchange that the holder of its $7.5 million in foreign-currency convertible bonds exercised the bonds' put option and the company bought back and canceled all of the convertibles.

Shrenuj is a Mumbai, India-based jewelry maker.

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