India’s Samruddhi to consider Rs. 750 million placement of debentures

By Wendy Van Sickle

Columbus, Ohio, July 14 – Samruddhi Realty Ltd.’s board of directors will meet July 18 to consider the issuance of Rs. 750 million of nonconvertible debentures, according to a Bombay Stock Exchange notice.

The debentures would be issued in more than one trance on private placement basis, under the resolution passed by the shareholders on May 26.

The real estate property developer is based in Bangalore, India.

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