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Jai Balaji hopes to issue up to Rs. 4.5 billion in convertibles
By Devika Patel
Knoxville, Tenn., July 2 - Jai Balaji Industries Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 4.5 billion in convertible securities at a board of directors meeting on June 30.
The company also may issue equity shares.
Jai Balaji is a sponge iron manufacturer based in Kolkata, India.
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