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Tuesday, Sep 13, 2005
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 Corporate - Overseas Borrowings


Madhucon plans global issue

Our Bureau

HYDERABAD: The board of directors of Madhucon Projects Ltd (MPL) would meet on September 17 to consider the issue of foreign currency convertible bonds (FCCBs) or global depository receipts (GDR) to raise $80 million, equivalent to around Rs 360 crore.

The company informed the stock exchanges that the issue proceeds would be invested in BOT, BOOT or annuity projects.

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