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Cbay Closes $ 2.5-M Debenture Issue

BUSINESS STANDARD 

Bangalore-based Healthcare BPO firm, CBay Systems Limited, has closed a $ 2.5 million convertible debentures with GMO Emerging Markets Fund.

According to a press release from the company, the fresh infusion of funds will be used as a working capital for meeting its $25 million growth target during 2003.

V Raman Kumar, chairman, CBay, said,

First Published: Fri, April 25 2003. 00:00 IST
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