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Published on 7/21/2008 in the Prospect News Convertibles Daily.

Ram Kaashyap mulls issuing up to $25 million in convertibles

By Devika Patel

Knoxville, Tenn., July 21 - Ram Kaashyap Investment Ltd. informed the Bombay Stock Exchange that it will vote on plans to issue up to $25 million in foreign currency convertible bonds at a board of directors meeting on July 28.

The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.

Ram Kaashyap is based in India.


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