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IOL Netcom gets OK for up to $300 million convertibles offering
By Devika Patel
Knoxville, Tenn., Dec. 16 - IOL Netcom Ltd. informed the Bombay Stock Exchange that its members have approved an offering of up to $300 million in convertible bonds via a postal ballot.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Mumbai, India-based IOL Netcom is an integrated communications provider in internet and video, data and voice services.
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