Kaashyap Technologies OKs $25 million foreign currency convertibles issue

By Jennifer Chiou

New York, Dec. 6 - Kaashyap Technologies Ltd. informed the Bombay Stock Exchange that its board authorized an issue of up to $25 million of foreign currency convertible bonds.

The company said it may offer Global Depositary Receipts, American Depositary Receipts or other securities as alternatives.

Kaashyap's board also decided to hold a shareholders' meeting on Jan. 5.

The Chennai, India, company operates computer training institutes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.