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The board of directors of Sintex Industries on Thursday approved opening of an issue of foreign currency convertible bonds. The company said that the closing and finalisation of the issue terms (including issue price) are expected to take place on May 20. The board had earlier approved an FCCB issue of $200 million (₹1,338 crore). Shares of Sintex Industries will remain in focus, as analysts and investors will keenly watch the developments on the FCCB front.
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