GV Films will not redeem 2.25% convertibles due 2011

By Devika Patel

Knoxville, Tenn., March 12 - GV Films Ltd. informed the Bombay Stock Exchange that it did not approve an early redemption request received from the holders of its $4.5 million in 2.25% foreign currency convertible bonds due 2011.

The decision was made at a board of directors meeting on March 10.

GV Films is a Chennai, India-based movie production company with a focus on Tamil-language films.

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