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Ok Play India to raise $ 15mln in overseas markets

New Delhi, Feb 26 (UNI) Plastic products manufacturer OK Play India will raise 15 million dollars in overseas market.

The members of the company have accorded to issue Global Depository Receipts (GDRs) in one or more foreign markets.

The issue is, however, subject to necessary provisions and approvals.

UNI

Proto Infosys to set up Rs 150 cr plant in HP

New Delhi, Feb 26 (UNI) Proto Infosys Ltd today said it will set up a manufacturing facility in Himachal Pradesh for making watergen machine, earthing electrode equipments and dome air from with an investment of Rs 150 crore. For this, the company's Board has proposed to increase the authorised capital to Rs 25 crore from the existing Rs 5.10 crore and issuing securities of Upto Rs 75 crore by GDR issue, a company statement said. The company is also mulling to.....

Prithvi Info allots $50 mln FCCBs to Lehman

New Delhi, Feb 26 (UNI) Software company Prithvi Information Solutions Ltd today said it has allotted zero coupon FCCBs worth 50 million dollar to Europe-based Lehman Brothers International. The bonds, each valuing 1,00,000 dollar, will be due for redemption in 2012 and is convertible at a price of Rs 469.13 each. The proceeds of the FCCB issue will be utilised for the purpose of overseas acquisitions, company's Managing Director V Satish Kumar said. ''We have already identified a few companies.....

Vodafone selects Alcatel-Lucent for network convergence

New Delhi, Feb 26 (UNI) British telecom major Vodafone has selected Alcatel-Lucent to migrate all networking services in Spain onto a highly reliable Alcatel-Lucent IP/MPLS based network. The converged network will support broadband data services (GPRS and 3G), signaling and billing traffic, 3G voice traffic as well as future multimedia evolutions. The project, part of a global network transformation to internet protocol (IP), will enable the operator to guarantee end-to-end quality of service, to optimise its network performance and.....
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