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Bajaj Hindustan to swab Rs.1,500 crore from global markets

Thursday, April 23, 2009 5:05 pm
By ShareGyan.com NewsDesk

Bajaj Hindustan has stated that it will swab Rs.1,500 crore from the global markets. The company’s shareowners have sanctioned the board to issue securities in one or more channels on over one overseas market for nearly Rs.1,500 crore.

The company will increase the sum in rupee or overseas currency denominated bonds through American Depository Receipts, Global Depository Receipts or Foreign Currency Convertible Bonds. The securities would be selected on the basis of institutional appointment to Qualified Institutional Buyers.

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