Accentia approves $25 million of foreign currency convertible bonds

By Devika Patel

Knoxville, Tenn., Feb. 11 - Accentia Technologies Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $25 million of foreign currency convertible bonds, convertible notes and convertible debentures at a board of directors meeting on Feb. 11.

The company also is considering issuing equity shares, preference shares, secured premium notes or any securities convertible into equity shares or linked to equity shares through American Depositary Receipts or Global Depositary Receipts.

Accentia is a software and business process outsourcing company based in Navi Mumbai, India.

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