India’s Credila Financial to consider perpetual debt instrument issue

By Tali Rackner

Norfolk, Va., Jan. 13 – Credila Financial Services Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider and recommend a new issue of perpetual debt instruments of Rs. 500 million.

The issue will be subject to shareholder approval.

Credila Financial is a Mumbai-based education loan provider. It is a subsidiary of Housing Development Finance Corp. Ltd.

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