FCS Software OKs plans to issue up to $25 million in convertibles

By Devika Patel

Knoxville, Tenn., Jan. 7 - FCS Software Solutions Ltd. told the Bombay Stock Exchange that it approved plans to issue up to $25 million in foreign currency convertible bonds at a board of directors meeting on Jan. 4.

The company will hold an extraordinary general meeting on Jan. 30 to get shareholder approval for the bonds.

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

FCS Software Solutions is a Noida, India-based provider of information technology and IT-enabled services to clients in the United States.

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