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Published on 8/24/2009 in the Prospect News Convertibles Daily.

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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