Surana Telecom and Power to sell $30 million of convertible bonds

By Devika Patel

Knoxville, Tenn., Aug. 8 – Surana Telecom and Power Ltd. informed the Bombay Stock Exchange that it approved plans to issue $30 million of foreign currency convertible bonds at a board of directors meeting on Aug. 8.

The company also is considering Global Depository Receipts, American Depository Receipts and optionally or compulsorily convertible redeemable preference shares.

The Secunderabad, India, company makes petro products, optic fibre cables, low-tension and high-tension power cables, solar modules and other solar photovoltaic products.

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