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Published on 5/16/2006 in the Prospect News Biotech Daily, Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Strides Arcolab board authorizes up to $100 million convertibles issue

By Jennifer Chiou

New York, May 16 - Strides Arcolab Ltd. informed the Bombay Stock Exchange that its board approved an up to $100 million issue of convertible bonds, Global Depositary Receipts, American Depositary Receipts or other securities.

The India-based pharmaceutical company held the board meeting on Monday.


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