Sintex Industries hopes to raise additional funds through convertibles

By Devika Patel

Knoxville, Tenn., Jan. 14 - Sintex Industries Ltd. informed the Bombay Stock Exchange that it is considering raising additional equity through convertible bonds.

As previously reported, the company authorized plans to issue up to $300 million in convertibles at a board of directors meeting on Nov. 30 and at an extraordinary general meeting on Dec. 24.

Based in Kalol, India, Sintex Industries is a maker of plastic products including building supplies.

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