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Published on 11/14/2011 in the Prospect News Convertibles Daily.

IOL Netcom OKs Rs. 2 billion of foreign currency convertible bonds

By Devika Patel

Knoxville, Tenn., Nov. 14 - IOL Netcom Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 2 billion of foreign currency convertible bonds or convertible debentures at a board of directors meeting on Nov. 14.

The company also is considering 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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