Bhagyanagar India's board to meet tomorrow to decide on FCCBs

New Delhi, Sep 28 (UNI) The board of Bhagyanagar India Ltd, formerly Bhagyanagar Metals Ltd, will consider the issue and allotment of Foreign Currency Convertible Bonds (FCCBs) at its meeting tomorrow.

The company has proposed to issue the FCCBs to the tune of 15 million dollar with a conversion price of Rs 44 each.

The Hyderabad-based company plans to invest Rs 380 crore for setting up its IT hub 'Visual Soft' at the Gachibowli land near the Microsoft campus in Hyderabad.

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