India’s Sakthi board to consider secured redeemable debentures

By Tali Rackner

Norfolk, Va., Aug. 6 – Sakthi Finance Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Saturday to consider the issue of secured redeemable nonconvertible debentures and all other debt securities.

The board will also discuss the issue of up to Rs. 2 billion of redeemable cumulative preference shares.

The securities would be issued on a private placement basis.

Sakthi Finance a nonbanking finance company based in Tamil Nadu, India.

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