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Published on 1/11/2010 in the Prospect News Emerging Markets Daily.

India's Housing Development to buy back debentures for Rs. 2.5 billion

By Devika Patel

Knoxville, Tenn., Jan. 11 - Housing Development and Infrastructure Ltd. informed the Bombay Stock Exchange that it approved plans to buy back 2,500 of its 13.25% secured redeemable and non-convertible debentures due 2013 for Rs. 2.5 billion.

Housing Development is a Mumbai, India, real estate development and construction company.


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