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India’s Himachal board to consider Rs. 294.98 million of debentures
By Tali Rackner
Norfolk, Va., March 23 – Himachal Futuristic Communications Ltd. informed the Bombay Stock Exchange that the debentures allotment committee of its board of directors will meet on Tuesday to consider an allotment of Rs. 294,975,000 10.3% unlisted nonconvertible debentures.
The debentures will be issued via a private placement by way of conversion of outstanding right of recompense amount payable to the banks.
Himachal Futuristic is a telecommunications equipment manufacturer based in Himachal Pradesh, India.
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