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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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