Kinetic Engineering seeks extension of convertible bond term to 2014

By Ashley Montgomery

Kansas City, Kan., Dec. 9 - Kinetic Engineering Ltd. informed the Bombay Stock Exchange that its board of directors decided to request bondholder consent to extend the term of its foreign currency convertible bonds.

The company wants to extend the term by one year to February 2014

The extension is also subject to approval by the Reserve Bank of India.

Based in Pune, India, Kinetic Engineering is an automobile manufacturer.

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