India's Wockhardt is considering issuing bonds

By Reshmi Basu

New York, Sept. 15 - Wockhardt Ltd said it is considering tapping the capital markets with a bond or other securities issuance.

On Sept. 21, the board of directors will decide on whether to issue bonds, American depository receipts, global depository receipts or convertible debentures in the domestic or international market.

Wockhardt, based in Mumbai, is India's fifth largest pharmaceutical company.

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