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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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