K Sera Sera could issue up to $50 million in convertibles

By Devika Patel

Knoxville, July 6 - K Sera Sera Productions Ltd. notified the Bombay Stock Exchange that it may raise up to $50 million in convertibles.

The company will hold an extra ordinary general meeting on July 26 to discuss the proposal and to reclassify and increase its authorized share capital.

Securities may include Global Depository Receipts, American Depository Receipts, Secured Premium Notes and convertible bonds.

The board members also will discuss reclassifying its authorized share capital to Rs. 500 million, divided into 45 million equity shares and 5 million preference shares priced at Rs. 10 per share, from Rs. 500 million, divided into 25 million equity shares and 25 million preference shares at Rs. 10 per share, and boosting the authorized share capital to Rs. 750 million from Rs. 500 million.

The film production company is based in Mumbai, India.

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