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Prospect News home > News index > List of issuers S > Headlines for Southern Ispat Ltd. > News item
Published on 4/7/2010 in the Prospect News Convertibles Daily.

Southern Ispat approves up to Rs. 50 million in convertible bonds

By Devika Patel

Knoxville, Tenn., April 7 - Southern Ispat Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 50 million in foreign currency convertible bonds at a board of directors meeting on April 7.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

Palakkad, India-based Southern Ispat manufactures steel products.


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