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Published on 5/21/2018 in the Prospect News Emerging Markets Daily.

India’s DLF board approves up to Rs. 25 billion nonconvertible debt

By Sarah Lizee

Olympia, Wash., May 21 – DLF Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of up to Rs. 25 billion of nonconvertible debentures and/or other debt instruments, subject to the approval of shareholders.

The board met on Monday to approve the issue, according to a notice.

DLF is a commercial real estate developer based in New Delhi.


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