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India’s Spandana Sphoorty board OKs up to Rs. 20 billion debentures
By Sarah Lizee
Olympia, Wash., June 2 – Spandana Sphoorty Financial Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved an issue of up to Rs. 20 billion of nonconvertible debentures on a private placement basis.
The debentures may be issued in one or more tranches, according to the notice.
The financial services provider is based in Hyderabad, India.
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