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INDIA'S SUJANA METAL TO RAISE $US20MLN VIA GDR OFFER.

AsiaPulse News

| January 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Jan 1 Asia Pulse - Steel re-rolling company Sujana Metal Products Ltd is planning to raise up to $US20 million by issuing Global Depository Receipts (GDRs).

The board of the Hyderabad-based company approved a proposal to issue GDRs for an aggregate amount not exceeding $US20 million with a permissible greeshoe option, the company informed the stock exchange ...

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