Indo Asian Fusegear approves up to $50 million of convertibles

By Susanna Moon

Chicago, June 28 - Indo Asian Fusegear Ltd. notified the Bombay Stock Exchange that it would issue up to $50 million of convertibles.

A board meeting was held June 28 to approve the securities offering.

Securities may include equity shares, Global Depositary Receipts, American Depositary Shares and convertible bonds.

The company manufactures and exports electrical equipment and is based in Noida, India.

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