India’s Dewan Housing approves up to Rs. 225 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, July 21 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that members of the company approved the issuance of up to Rs. 225 billion of debentures.

The debentures were approved at the company’s 32nd annual general meeting on Wednesday.

The approved debentures, to be issued by private placement, include up to 200 billion of nonconvertible secured/unsecured debentures, up to 20 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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