Birla Power Solutions may issue up to Rs. 1 billion in convertibles

By Devika Patel

Knoxville, Tenn., June 29 - Birla Power Solutions Ltd. informed the Bombay Stock Exchange that it approved plans at a board of directors meeting on June 29 to issue up to Rs. 1 billion in instruments convertible into equity shares.

The company also is considering issuing equity shares.

New Delhi-based Birla Power manufactures portable generators, invertors and multi-purpose engines.

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