Simplex Infrastructures may issue Rs. 4 billion in convertibles

By Devika Patel

New York, Aug. 6 - Simplex Infrastructures Ltd. notified the Bombay Stock Exchange that it could raise up to Rs. 4 billion in convertibles.

The company approved the proposal at a board meeting on Tuesday.

In addition to convertibles, securities that may be sold by the company include American depository receipts, Indian depository receipts and global depository receipts.

Kolkata, India-based Simplex Infrastructures is a construction business.

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