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Cairn India OKs plans to issue up to $1 billion in convertibles
By Devika Patel
Knoxville, Tenn., Nov. 1 - Cairn India Ltd. notified the Bombay Stock Exchange that it approved plans to issue up to $1 billion in convertibles at an annual general meeting on Sept. 20.
Securities may include Global Depositary Receipts, American Depositary Receipts, equity shares, warrants or any other instruments convertible into equity shares.
Cairn India is a Gurgaon, India-based oil and gas exploration and production company.
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