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Tata Chem's FCCB issue

MUMBAI, JAN. 27. Tata Chemicals Limited has raised $150 million through foreign currency convertible bonds for funding new projects, expansion plans and overseas investments. The bonds, which were raised on Tuesday, are convertible into ordinary or equity shares at a conversion price of Rs. 231.37, a 50 per cent premium over the closing price of Rs. 154.25 on January 25, 2005 on the Bombay Stock Exchange.

PTI

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