India's Den Networks approves up to Rs. 7.5 billion in convertibles

By Devika Patel

Knoxville, Tenn., Aug. 11 - Den Networks Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to Rs. 7.5 billion in foreign currency convertible bonds at a board of directors meeting on Aug. 10.

The company also is considering issuing Global Depositary Receipts and equity.

Den Networks is a New Delhi-based national cable television company.

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