Kamat calls $5.97 million convertibles for mandatory conversion

By Ashley Montgomery

Kansas City, Kan., Dec. 13 - Kamat Hotels Ltd. informed the Bombay Stock Exchange that it planned to issue a mandatory conversion notice on Tuesday for its $5,966,000 outstanding of foreign currency convertible bonds.

The conversion date is Jan. 30.

The bonds will be converted into 1,954,196 shares.

Kamat is a Mumbai, India-based hotel and restaurant chain.

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