Simplex Infrastructures may issue Rs. 4 billion in convertibles

By Devika Patel

Knoxville, Tenn., Sept. 13 - Simplex Infrastructures Ltd. notified the Bombay Stock Exchange that it plans to raise up to Rs. 4 billion of convertible securities.

The company will hold an annual general meeting on Wednesday and will discuss the proposal.

Securities may include American Depository Receipts, global depository receipts and convertibles.

Kolkata, India-based Simplex Infrastructure is a construction business.

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