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Published on 7/29/2009 in the Prospect News Convertibles Daily.

Suven Life Sciences could issue up to $50 million convertible bonds

By Devika Patel

Knoxville, Tenn., July 29 - Suven Life Sciences Ltd. informed the Bombay Stock Exchange that it could raise up to $50 million via foreign-currency convertible bonds. The company approved the proposal at a board meeting on July 28.

Securities also may include Global Depository Receipts, American Depository Receipts and equity shares.

Suven Life Sciences is a Hyderabad, India-based pharmaceutical company.


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