Info Edge India shareholders to consider convertibles in postal ballot

By Devika Patel

Knoxville, Tenn., Dec. 27 - Info Edge India Ltd. informed the Bombay Stock Exchange that its shareholders will vote on plans to raise up to Rs. 5 billion in convertible bonds via a postal ballot.

The company approved the bonds a board of directors meeting on Dec. 21.

Info Edge also is considering issuing Global Depositary Receipts and American Depositary Receipts.

New Delhi, India-based Info Edge provides online classifieds and certain related services.

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