India’s Surana Ventures board approves $50 million convertible issue

By Tali Rackner

Norfolk, Va., Aug. 11 – Surana Ventures Ltd. informed the Bombay Stock Exchange that its board of directors met on Monday, inter alia, and approved the issue of up to $50 million or its equivalent in Indian rupees.

The issue will be made by way of foreign currency convertible bonds, optionally or compulsorily convertible redeemable preference shares, Global Depository Receipts/American Depositary Receipts convertible into equity shares and/or qualified institutional placements.

Surana Ventures is a Secunderabad, India-based solar energy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.