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Published on 6/21/2007 in the Prospect News Convertibles Daily.

Indo Asian Fusegear mulls convertibles

By Susanna Moon

Chicago, June 21 - Indo Asian Fusegear Ltd. notified the Bombay Stock Exchange that it could issue up to $50 million of convertibles.

A board meeting will be held June 28 to discuss issuing securities, which may include equity shares, Global Depositary Receipts, American Depositary Shares and convertible bonds.

The company manufactures and exports electrical equipment and is based in Noida, India.


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