Asian Electronics will consider issuing up to Rs. 3 billion in convertibles

By Devika Patel

Knoxville, Tenn., Feb. 13 - Asian Electronics Ltd. informed the Bombay Stock Exchange that it will consider plans to raise Rs. 3 billion in foreign currency convertible bonds at an extraordinary general meeting on Feb. 21.

The company's board of directors approved the bonds at a meeting on Jan. 7.

The company also is considering issuing other instruments, such as equity shares, preferential equity, Global Depositary Receipts and American Depositary Receipts.

Based in New Delhi, Asian Electronics produces energy-efficient lighting products.

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