Tantia Constructions approves up to Rs. 2.5 billion of convertibles

By Devika Patel

Knoxville, Tenn., Oct. 15 - Tantia Constructions Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 2.5 billion of foreign currency convertible bonds at a board of directors' meeting on Oct. 12.

The company also is considering issuing equity shares, preference shares, fully convertible debentures and partly convertible debentures.

Tantia is a Kolkata, India, railway infrastructure company.

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