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Published on 1/27/2010 in the Prospect News Convertibles Daily.

Finaventure approves Rs. 3 billion in foreign-currency convertibles

By Devika Patel

Knoxville, Tenn., Jan. 27 - Finaventure Capital Ltd. informed the Bombay Stock Exchange that its board of directors approved plans to issue up to Rs. 3 billion in foreign-currency convertible bonds at a meeting on Monday.

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

Finaventure is based in Mumbai, India.


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