India's Crew BOS shareholders OK $25 million convertibles offering

By Laura Lutz

Des Moines, Jan. 9 - Crew BOS Products Ltd. announced that its shareholders authorized an up to $25 million issue of convertible securities at an extraordinary general meeting on Jan. 8.

The offering could include Global Depositary Receipts, foreign currency convertible bonds or American Depositary Receipts.

As previously reported, the board approved the deal at a meeting on Dec. 15.

The deal may be conducted through a public offering, qualified institutional placement or other private placement.

Based in New Delhi, India, Crew BOS manufactures fashion and home decoration products.

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