Vakrangee Softwares secures approval for $100 million of convertibles

By Devika Patel

Knoxville, Tenn., March 15 - Vakrangee Softwares Ltd. informed the Bombay Stock Exchange that its shareholders approved plans to issue up to $100 million of foreign currency convertible bonds via a postal ballot.

Securities may also include Global Depositary Receipts, American Depositary Receipts, debt instruments, convertible securities and securities linked to equity shares, along with warrants.

Based in Mumbai, India, Vakrangee provides software and database related services.

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