Sri Adhikari decreases conversion price of 1.5% foreign currency convertibles due 2012

By Devika Patel

Knoxville, Tenn., Dec. 24 - Sri Adhikari Brothers Television Network Ltd. informed bondholders that it was lowering the conversion price of its $7 million of 1.5% secured foreign currency convertible bonds due 2012 to Rs. 76.25 from Rs. 94.44.

The change is effective until further notice.

Sri Adhikari, based in Mumbai, India, is a content production company.

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