K Sera Sera approved for potential $50 million issue of convertibles

By Devika Patel

Knoxville, Tenn., July 27 - K Sera Sera Productions Ltd notified the Bombay Stock Exchange that it has approval for a possible sale of up to $50 million in convertibles.

The company held an extra ordinary general meeting on Thursday to approve the proposal and to reclassify and increase its authorized share capital.

In addition to convertibles, securities that may be offered include global depository receipts, American depository receipts and secured premium notes.

The film production company is based in Mumbai, India.

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