RPT-Bag Films board oks raising up to $30 mln

Wed Nov 4, 2009 8:21am IST

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(Repeats story issued late on Tuesday)

MUMBAI, Nov 3 (Reuters) - Media firm Bag Films (BAGF.BO: Quote, Profile, Research) said on Tuesday its board approved raising up to $30 million from overseas markets.

The firm may raise this money via either global depository receipts (GDR) or foreign currency convertible bonds (FCCB), it said in a statement. (Reporting by Ketan Bondre; Editing by Prem Udayabhanu)

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