Housing Development redeems Rs. 13.11 billion of 12% debentures

By Tali David

Minneapolis, Aug. 14 - Housing Development and Infrastructure Ltd. informed the Bombay Stock Exchange that it redeemed Rs. 13,112,200,000 of its 12% non-convertible debentures, including Rs. 3,739,900,000 redeemed during the period of April to Aug. 14.

In other news, the company's board of directors accepted the resignation of R. C. Kapoor as a director of the company, effective immediately. Kapoor resigned due to personal reasons. Another director, Shri S. P. Talwar, passed away on Aug. 9.

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

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