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Published on 11/17/2006 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Sanwaria Agro board approves $25 million foreign currency convertible bonds issue

By Jennifer Chiou

New York, Nov. 17 - Sanwaria Agro Oils Ltd. informed the Bombay Stock Exchange that its board authorized a $25 million issue of foreign currency convertible bonds or Global Depository Receipts.

The meeting took place on Nov. 17.

The company added it will seek shareholder approval at a Dec. 18 meeting.

The Hoshangabad, India, company manufactures and distributes edible oils.


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