India’s White Diamond will consider debt issuance at Oct. 28 meeting

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – White Diamond Industries Ltd.’s board of directors will consider at an Oct. 28 meeting a proposal to issue securities warrants or bonds, according to Bombay Stock Exchange notice.

The board will also consider a private placement of shares or issuing new shares to meet the company’s long-term funding requirements, facilitate the corporate diversified plans and boost the new agro business, according to the notice.

The Mumbai-based company is engaged in trading, manufacturing and importing and exporting rough and cut and polished diamonds.

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