India's Bihar Tubes could issue up to $20 million of convertibles

By Devika Patel

Knoxville, Tenn., July 5 - Bihar Tubes Ltd has informed the Bombay Stock Exchange that it is holding a board meeting on July 11 to consider issuing up to $20 million of convertibles.

Securities may also include Global Depository Receipts, American Depository Receipts and foreign currency convertible bonds.

In addition, the board will discuss financial results for the last quarter.

New Delhi, India-based Bihar Tubes manufactures and exports steel products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.