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Mascon Global approves plans to offer $150 million in convertibles
By Devika Patel
Knoxville, Tenn., Aug. 24 - Mascon Global Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $150 million in foreign currency convertible bonds at a board of directors meeting on Aug. 22.
The company also may issue Global Depositary Receipts and American Depositary Receipts.
Mascon is a New Delhi-based provider of telecommunications and software services.
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