Asian Electronics board to mull convertibles issue at June 10 meeting

By Jennifer Chiou

New York, June 3 - Asian Electronics Ltd. informed the Bombay Stock Exchange that its board will consider an issue of foreign currency convertible bonds or similar securities at a meeting slated for June 10.

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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