Source - SMW
Koovs, the fashion-forward business focused on the young Indian e-commerce market, said it would be seeking a renewal of permission for the issue of up to £18.9m of convertible loan notes in the company. 

It said that in addition to the £8.9m which had previously been received, the company remained in advanced negotiations to secure a term sheet from an investor committing to invest via the issue of convertible loan notes. 

The company said it remained confident of delivering this further tranche of convertible loan notes and expected to announce the successful conclusion of this additional funding in due course.

At 9:20am: (LON:KOOV) Koovs Plc Ord 1p share price was 0p at 26.25p