Genesys International gets approval for $33.5 million in convertibles

By Devika Patel

Knoxville, Tenn., June 14 - Genesys International Corp. Ltd. informed the Bombay Stock Exchange that its shareholders approved plans to issue up to about $33.5 million, or Rs. 1.5 billion, in foreign currency convertible bonds via a postal ballot.

The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.

Based in Mumbai, India, Genesys International, together with its subsidiaries, offers digital imaging services, computer software and geospatial services and content.

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