Artefact Projects' board approves up to Rs. 300 million in convertibles

By Devika Patel

Knoxville, Tenn., Jan. 17 - Artefact Projects Ltd. informed the Bombay Stock Exchange that its board of directors approved plans to issue up to Rs. 300 million in convertible bonds at a meeting on Jan. 17.

Securities being considered are equity shares, convertible debentures or debentures carrying a right to subscribe to equity shares, syndicate loans, external commercial borrowings, foreign currency convertible bonds, preference shares and warrants.

Based in Nagpur, India, Artefact Projects is an infrastructure consulting company.

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