India’s Blue Star board to meet Friday to mull nonconvertible debt

By Sarah Lizee

Olympia, Wash., May 26 – Blue Star Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Friday to consider raising funds by way of nonconvertible debentures.

The notes may be issued via private placement, according to the notice.

Blue Star manufactures and markets air-conditioning and commercial refrigeration systems and products. It is based in Mumbai.

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