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Strides Arcolab weighs issuing up to $100 million in convertible bonds
By Devika Patel
Knoxville, Tenn., June 28 - Strides Arcolab Ltd. informed the Bombay Stock Exchange that it will consider plans to issue up to $100 million in foreign currency convertible bonds at an extraordinary general meeting on July 23.
The company also is considering issuing Global Depositary Receipts, American Depositary Receipts and other equity-linked instruments.
Strides is a Bangalore, India-based pharmaceutical manufacturing company.
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