India’s Birla board to consider debt issuance, early redemption

By Sarah Lizee

Olympia, Wash., May 15 – Birla Corp. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider an issue of nonconvertible debentures.

The debt would be issued on a private placement basis, according to a notice.

The board will also consider approval of a partial or full early redemption of its secured nonconvertible debentures issued in a different series.

The Kolkata, India-based company operates cement, jute, vinyl flooring and auto trim businesses.

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