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Prospect News home > News index > List of issuers V > Headlines for Visaka Industries Ltd. > News item
Published on 10/4/2006 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Visaka Industries board OKs issue of up to 4 million shares

By Jennifer Chiou

New York, Oct. 4 - Visaka Industries Ltd. informed the Bombay Stock Exchange that its board approved an issue of up to 4 million equity shares.

The Hyderabad, India, yarn manufacturer said it may issue fully convertible debentures or other securities as alternatives.

Visaka said it will seek shareholder approval at an Oct. 30 meeting.


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