Softsol India approves plan to issue up to Rs. 1.5 billion in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 31 - Softsol India Ltd. told the Bombay Stock Exchange that it will consider plans to issue up to Rs. 1.5 billion in convertibles at an annual general meeting on Sept. 29.

The securities being considered are American Depositary Receipts, Global Depositary Receipts, convertible bonds, equity shares and other instruments convertible into equity shares.

Hyderabad, India-based Softsol offers services like internet technology consulting, systems integration, web-based and custom application development, data warehousing, enterprise computing, package application implementation, software engineering and offsite systems.

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