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Published on 5/19/2016 in the Prospect News Emerging Markets Daily.

India’s Altico board OKs Rs. 12.5 billion of non-convertible debt

By Tali Rackner

Norfolk, Va., May 19 – Altico Capital India Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of up to Rs. 12.5 billion of non-convertible debentures.

The debentures will be issued in one or more tranches on a private placement basis.

The non-banking financial company is based in Mumbai.


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