Jan 19 (Reuters) - Diamond Power Infrastructure Ltd DIAC.NS
* Diamond Power Infrastructure Ltd says conversion of debt into equity under SDR mechanism
* Diamond Power Infrastructure Ltd - step will bring down co's debt by INR 8.55 billion
* Diamond Power Infrastructure Ltd says co's board will meet on Jan 24 for allotment of shares to various lenders in agreed proportion Source text - Further company coverage: DIAC.NS
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