India's Deccan Aviation approves up to Rs. 16 billion in convertibles

By Devika Patel

Knoxville, Tenn., Feb. 21 - Deccan Aviation Ltd. informed the Bombay Stock Exchange that it approved plans to raise Rs. 16 billion in foreign currency convertible bonds at a board of directors meeting on Feb. 21.

The company also is considering issuing convertible debentures, foreign currency exchangeable bonds, equity shares, Global Depositary Receipts and American Depositary Receipts.

Based in Bangalore, India, Deccan Aviation produces energy efficient lighting products.

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