India’s APL Apollo board approves issuing Rs. 2 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, June 15 – APL Apollo Tubes Ltd.’s board of directors approved on Saturday the issuance of up to Rs. 2 billion of rated, listed, secured, redeemable, non-cumulative, non-convertible debentures, according to a notice with the Bombay Stock Exchange.

The manufacturer and exporter of steel pipes and tubes is based in New Delhi.

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