Accentia Technologies Appoints Merchant Bankers & Advisors for Proposed GDR / FCCB Offering

Accentia Technologies Ltd has announced that the Company has appointed M/s. Athena Capital Partners LLP, London, U.K Authorized and Regulated by The Financial Services Authority as the Merchant Bankers for the proposed GDR / FCCB offering. The Company also has appointed M/s. Firstcall India Equity Advisors Pvt Ltd, Mumbai as their India Advisors for the proposed GDR / FCCB offering.

The Company has finalized the terms for acquisition of 3 US based Companies for which the legal due diligence process is on. The target acquisition Companies are in the areas of Healthcare BPO. Acquisition of these Companies will be through the proposed GDR / FCCB offering.

For the said acquisitions the Company has already received the approval of its shareholders to raise money upto an extent of USD 20 M, by way of issue, offer and allot, in the course of international offerings, in one or more foreign markets, equity shares / preference shares / convertible debentures / convertible notes / Foreign Currency Convertible Bonds (FCCB'S) / Secured Premium Notes (SPN) and / or any securities convertible into equity shares at the option of the Company and / or holder of the securities and / or securities link to equity shares through American Depository Receipts (ADR's) and / or Global Depository Receipts (GDRs) and / or any other instruments or securities (Securities) subscribed to in foreign currency(ies), for cash or stock, swap or for other valuable consideration including strategic alliances, business(es) or a combination thereof, to Foreign investors (whether Institutions and or Incorporated Bodies and or Individuals and whether or not such investors are members of the Company) through Public Issue(s), Private Placement(s), Preferential Allotment(s), which upon conversion of a Securities so issued or allotted.

Source : Equity Bulls

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