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Published on 1/16/2015 in the Prospect News Convertibles Daily.

Dewan Housing could sell Rs. 10 billion of its convertible securities

By Devika Patel

Knoxville, Tenn., Jan. 16 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that it approved plans at a board of directors meeting on Jan. 16 to seek member approval for Rs. 10 billion of convertible securities.

The company will obtain the needed approval for convertible bonds, depository receipts or other convertible or exchangeable instruments through a postal ballot.

Dewan Housing is a housing finance company in Mumbai.


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