ABB India’s directors approve issuance of Rs. 6 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, July 2 – ABB India Ltd.’s board of directors approved on Thursday the issuance of Rs. 6 billion of unsecured, listed, redeemable debentures, according to a notice filed with the Bombay Stock Exchange.

The private-placement issuance would be subject to the approval of the shareholders by way of a special resolution through postal ballot.

The power and automation technologies business in based in Bengaluru, India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.