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Omnitech InfoSolutions approves up to $50 million convertible bonds
By Devika Patel
Knoxville, Tenn., Oct. 1 - Omnitech InfoSolutions Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $50 million of foreign currency convertible bonds at a board of directors' meeting on Oct. 1.
The company also is considering issuing Global Depositary Receipts, American Depositary Receipts or other convertible securities as alternatives.
Mumbai, India-based Omnitech provides technology services and technology-enabled services.
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