IT People India could issue up to Rs. 1.5 billion in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 4 - IT People India Ltd. notified the Bombay Stock Exchange that it might issue up to Rs. 1.5 billion in convertibles.

The company will discuss the proposal at a board of directors meeting on Wednesday.

Securities may include equity shares, warrants, foreign currency convertible bonds, partly convertible debentures, optionally convertible debentures, fully convertible debentures, debentures attached with warrants, whether secured or unsecured, Global Depositary Receipts, American Depositary Receipts, bonds or any other equity related instruments with or without warrants.

IT People India is a Mumbai, India, internet technology company.

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