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Published on 7/17/2009 in the Prospect News Convertibles Daily.

Amtek India approves plans to issue up to $50 million in convertibles

By Devika Patel

Knoxville, Tenn., July 17 - Amtek India Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $50 million in foreign-currency convertible bonds at an extraordinary general meeting on Friday.

The company also is considering Global Depositary Receipts and other equity-linked instruments.

New Delhi-based Amtek India manufactures automotive components.


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