India’s Empee Distilleries board to consider Rs. 100 million bonds

By Angela McDaniels

Tacoma, Wash., Sept. 12 – Empee Distilleries Ltd.’s board of directors will consider and allot Rs. 100 million of rated, secured, listed, redeemable debentures at a meeting on Friday, according to a letter to the Bombay Stock Exchange Ltd.

The debentures will be sold on a private placement basis.

This is the second and final tranche of a Rs. 475 million issue. In the first tranche, the company issued Rs. 375 million of 14% debentures on April 27.

Empee is a liquor manufacturer based in Chennai, 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.