Mumbai-based Zicom Electronic Security Systems is planning to raise up to $12 million by issuing foreign currency convertible bonds (FCCBs) or global depository receipts (GDRs).According to a release issued by the company to the BSE today, the money raised would be used for expanding operations into new markets and product areas.The board also recommended dividend of 10% i.e Re 1 per share, the release added.
