Northgate Technologies may sell up to Rs. 4.5 billion in convertibles

By Devika Patel

Knoxville, July 9 - Northgate Technologies Ltd. notified the Bombay Stock Exchange that it may raise up to Rs. 4.5 billion in convertibles.

The company directors held a meeting on Saturday at which they approved the proposal and also one to increase the authorized share capital.

In addition to convertibles, securities that can be issued include Global Depository Receipts and stock.

Hyderabad , India-based Northgate Technologies is a provider of information technology services and solutions.

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