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India's Nava Bharat forces conversion of 0% convertibles due 2011
New York, Jan. 19 - Nava Bharat Ventures Ltd. said it is forcing conversion of its zero-coupon convertible bonds due 2011.
The securities will be converted into stock on Feb. 28 at a price of Rs. 121.82.
Originally ¥3.52 billion of the convertibles were issued.
Nava Bharat is a Hyderabad, India-based company with interests in power generation, ferro alloys, mining and sugar.
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