India’s Alphageo board approves issuing nonconvertible debentures

By Tali Rackner

Norfolk, Va., Nov. 12 – Alphageo (India) Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday to approve and seek membership approval of issuing non-convertible debentures and/or debt securities on a private placement basis.

The board also gave consent for a further issue of securities not exceeding present authorized equity share capital of the company.

Alphageo is a Hyderabad, India-based company that processes and interprets seismic data for exploration companies in the oil and gas sector.

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