Ahmedagar Forgings directors OK Rs. 4 billion debenture issuance

By Wendy Van Sickle

Columbus, Ohio, April 23 – Ahmednagar Forgings Ltd. said its board of directors approved Thursday the issuance of redeemable non-convertible debentures up to Rs. 4 billion on private placement basis.

The sale is subject to the approval of shareholders and to any other required regulatory approvals, according to a noticed posted with the Bombay Stock Exchange.

Ahmednagar Forgings is an Ahmednagar, India-based auto parts maker.

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