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Published on 11/24/2009 in the Prospect News Convertibles Daily.

KBS Capital Management authorizes up to $15 million in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 24 - KBS Capital Management Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $15 million in foreign currency convertible bonds at a board of directors meeting on Nov. 24.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

The investment management company is based in Mumbai, India.


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