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Shreyas Intermediates may raise up to $30 million from convertibles
By Devika Patel
Knoxville, Tenn., Feb. 22 - Shreyas Intermediates Ltd. informed the Bombay Stock Exchange that will vote on a proposal to issue up to $30 million in convertible bonds at an extraordinary general meeting on March 14.
The company's board of directors approved the bonds at a meeting on Feb. 5.
Other securities being considered include Global Depositary Receipts and American Depositary Receipts.
Based in Andheri, India, Shreyas Intermediates produces phthalocyanine pigments.
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