Shiv-Vani may raise Rs. 6 billion from foreign currency convertibles

By Devika Patel

Knoxville, Tenn., June 11 - Shiv-Vani Oil & Gas Exploration Services Ltd. informed the Bombay Stock Exchange that it approved a proposal at a board of directors meeting on June 9 to raise Rs. 6 billion by issuing foreign currency convertible bonds.

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

New Delhi-based Shiv-Vani is an oil and gas services company.

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