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Prospect News home > News index > List of issuers S > Headlines for South Asian Petrochem Ltd. > News item
Published on 12/10/2007 in the Prospect News Convertibles Daily.

South Asian Petrochem OKs plans to issue up to $20 million in convertibles

By Devika Patel

Knoxville, Tenn., Dec. 10 - South Asian Petrochem Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $20 million in convertibles at an extra ordinary general meeting on Dec. 8.

The company's board of directors approved the bond issue on Nov. 8.

Based in Kolkata, India, South Asian Petrochem is a manufacturer of bottle-grade polyethylene terephthalate resin.


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