India’s Shriram City Union plans Rs. 22.5 billion secured debentures

By Wendy Van Sickle

Columbus, Ohio, March 1 – Shriram City Union Finance Ltd. informed the Bombay Stock Exchange that its board of directors will meet on March 7 to consider an issue of Rs. 22.5 billion of secured redeemable non-convertible debentures.

The 2,250 debentures, with a face value of Rs. 1 million each, will be issued on a private placement basis.

The non-banking finance company is based in Chennai, India.

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