IOL Netcom board approves up to Rs. 4.5 billion in convertible bonds

By Devika Patel

Knoxville, Tenn., Nov. 9 - IOL Netcom Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 4.5 billion in foreign currency convertible bonds at a board of directors meeting on Oct. 31.

The company also is considering debentures, 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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