India’s Shriram City Union to mull Rs. 5 billion secured debentures

By Sarah Lizee

Olympia, Wash., Nov. 28 – Shriram City Union Finance Ltd. informed the Bombay Stock Exchange that its banking and securities management committee will meet on Friday to consider an issue of Rs. 5 billion of secured nonconvertible redeemable debentures.

The 5,000 debentures would have a face value of Rs. 1 million each and be issued on a private placement basis.

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

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