India’s Dewan Housing board OKs up to Rs. 65 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, July 20 – Dewan Housing Finance Corp. Ltd.’s board of directors approved up to Rs. 65 billion of debentures during its Wednesday meeting, according to a Bombay Stock Exchange notice.

The board approved, for issuance during the ensuing quarter, up to Rs. 50 billion of nonconvertible secured/unsecured debentures, up to Rs. 10 billion of nonconvertible subordinated unsecured debentures and up to Rs. 5 billion of nonconvertible perpetual unsecured debentures.

Dewan Housing is based in Gurgaon, India.

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