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Published on 9/13/2017 in the Prospect News Emerging Markets Daily.

India’s APL Apollo allots Rs. 750 million of redeemable debentures

By Tali Rackner

Minneapolis, Sept. 13 – APL Apollo Tubes Ltd. informed the Bombay Stock Exchange that the finance committee of its board of directors allotted Rs. 750 million of secured redeemable non-convertible debentures.

The 750 debentures with a face value of Rs. 1 million each will be listed on the BSE Ltd.

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


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