India's GSS America Infotech to issue up to $75 million convertibles

By Susanna Moon

Chicago, Sept. 2 - GSS America Infotech Ltd. said it notified the Bombay Stock Exchange that it plans to sell up to $75 million of convertible bonds.

The offering was discussed at a Sept. 2 board meeting and may include Global Depositary Receipts and American Depositary Receipts.

Proceeds will be used for acquisitions.

Based in Hyderabad, India, GSS America Infotech is an information technology services provider.

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