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Edserv approves up to $500 million in foreign currency convertibles
By Devika Patel
Knoxville, Tenn., Jan. 11 - Edserv Softsystems Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $500 million in foreign currency convertible bonds at an extraordinary general meeting on Jan. 11.
The company also is considering American Depositary Receipts and Global Depositary Receipts.
Based in Chennai, India, Edserv is an education company.
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