Kaashyap to offer $25 million in convertible bonds in two tranches

By Devika Patel

Knoxville, Tenn., Dec. 17 - Kaashyap Technologies Ltd. informed the Bombay Stock Exchange that its board has decided to issue up to $25 million in foreign currency convertible bonds in two tranches of $15 million and $10 million.

As previously reported, the company's board approved the issue on Dec. 6.

Based in Chennai, India, Kaashyap operates computer training institutes.

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