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India’s Kuantum Papers approves plans to place non-convertible notes
By Devika Patel
Knoxville, Tenn., Dec. 20 – Kuantum Papers Ltd. informed the Bombay Stock Exchange that it approved plans to issue Rs. 300 million of secured redeemable non-convertible debentures through a private placement at a board of directors meeting on Thursday.
UTI Structured Debt Opportunities Fund I is the investor.
The Chandigarh, India, company runs a paper mill which produces writing and printing paper.
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