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Hyderabad, Jan. 8 Bartronics India Ltd, a Hyderabad-based solutions provider for Automatic Identification and Data Capture and Radio Frequency Identification, has announced it has completed the issue of $50-million zero-coupon unsecured FCCBs.

The company plans to use these funds for growing its operations in the US and South East Asia and for possible acquisitions.

These bonds have a maturity of five years and are convertible at Rs 290, representing a premium of around 20 per cent over the current market price.

The Managing Director of Bartronics India, Mr Sudhir Rao, in a statement said: “this issue affirms the potential of the sector and we are delighted that global investors have appreciated the growth potential.”

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