Gati offers convertible bonds, expects to raise up to $22.18 million

By Ashley Montgomery

Kansas City, Kan., Dec. 12 - Gati Ltd. informed the Bombay Stock Exchange that its board of directors approved opening an issue of foreign currency convertible bonds for subscription on Monday.

The offering is expected to raise up to $22.182 million, the company said.

Gati, an Andhra Pradesh, India-based express cargo delivery company.

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