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Aurobindo Pharma raises $60m

CHENNAI: Aurobindo Pharma has raised $60 million unsubordinated unsecured foreign currency convertible bonds 2010 for meeting capital expenditure and overseas investment purposes and to prepay existing foreign currency debt. The bonds will be convertible into ordinary shares. The convertible price has been set at a premium of Rs. 522 or 43 per cent to the volume weighted average price, says a release.

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