Indowind Energy OKs plans to issue $100 million in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 16 - Indowind Energy Ltd. notified the Bombay Stock Exchange that it has approved plans to issue up to $100 million in convertibles at an extra ordinary general meeting on Nov. 16. The proposal also was approved at a board of directors meeting held on Oct. 10.

Securities may include global depository receipts, American Depository Receipts and foreign currency convertible bonds.

Based in Chennai, India, Indowind Energy offers windmill-generated green power to its customers.

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