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Info Drive Software may issue up to $20 million in convertible bonds
By Devika Patel
Knoxville, Tenn., Dec. 22 - Info Drive Software Ltd. informed the Bombay Stock Exchange that it will weigh plans to issue up to $20 million in foreign currency convertible bonds at a board of directors meeting on Dec. 29.
The company also is considering equity shares, Global Depositary Receipts and American Depositary Receipts.
Chennai, India-based Info Drive Software provides information technology consulting services.
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