By Sarah Lizee
Olympia, Wash., March 7 – Sanghi Industries Ltd. informed the Bombay Stock Exchange that on Wednesday the finance committee of its board of directors approved and allotted Rs. 2.56 billion of 10½% five-year secured redeemable nonconvertible debentures in a private placement.
The debentures will be listed on the wholesale debt market segment of BSE Ltd.
Sanghi is an Ahmedabad, India-based company that manufactures and sells cement and clinker.
| Issuer: | Sanghi Industries Ltd.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 2.56 billion
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| Maturity: | March 7, 2023
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| Coupon: | 10½%; payable semiannually
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| Allotment date: | March 7
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| Distribution: | Private placement
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