India’s Kalpataru Power to mull issuing up to Rs. 1 billion of debt

By Wendy Van Sickle

Columbus, Ohio, March 9 – Kalpataru Power Transmission Ltd. informed the Bombay Stock Exchange that the executive committee of its board of directors will meet on March 15 to consider issuing up to Rs. 1 billion of unsecured redeemable nonconvertible debentures.

The debt will be issued via private placement, according to a notice.

The Mumbai-based diversified conglomerate is involved in real estate, power generation and transmission, construction of roads, factories, buildings and oil and gas infrastructure and agri-logistics.

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