India's Dewan Housing approves up to Rs. 3 billion debentures issue

By Ashley Montgomery

Kansas City, Kan., Jan. 17 - Dewan Husing Finance Corp. informed the Bombay Stock Exchange that its board of directors approved plans for a private placement of up to Rs. 3 billion of unsecured redeemable non-convertible subordinated debentures.

The decision was made at a meeting on Monday.

The debentures are to be issued in one or more tranches.

Dewan Hosuing is a housing finance company in Mumbai, India.

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