Firstsource Solutions to consider issuing $275 million in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 1 - Firstsource Solutions Ltd. notified the Bombay Stock Exchange that it will hold an extra ordinary general meeting on Nov. 22 to discuss the company's plan to issue up to $275 million in foreign currency convertible bonds. It also wants to authorize its board to issue up to Rs. 15 billion in convertibles or other securities.

The company announced its plans to issue up to $300 million in convertibles on Oct. 16 and approved the issue of up to $275 million in convertibles at a board of directors meeting Oct. 23.

Firstsource Solutions is a Mumbai, India-based outsourcing company.

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