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IOL Netcom approves up to $300 million in convertibles
By Devika Patel
Knoxville, Tenn., Nov. 12 - IOL Netcom Ltd. notified the Bombay Stock Exchange that it approved plans to issue up to $300 million in foreign currency convertible bonds at a board of directors meeting on Nov. 12.
The company also is considering American Depositary Receipts, Global Depositary Receipts or warrants.
Mumbai, India-based IOL Netcom is an integrated communications provider in internet and video, data and voice services.
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