Moser Baer approves up to $125 million foreign-currency convertibles

By Devika Patel

Knoxville, Tenn., Sept. 7 - Moser Baer India Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $125 million of foreign-currency convertible bonds at a board of directors meeting.

The company also is considering issuing equity shares, warrants, non-convertible debentures, Global Depositary Receipts and American Depositary Receipts.

Moser Baer is a New Delhi-based optical media manufacturer.

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