India’s TPL Plastech board OKs up to Rs. 500 million of debentures

By Sarah Lizee

Olympia, Wash., Feb. 12 – TPL Plastech Ltd. informed the Bombay Stock Exchange that its board of directors approved a proposal to raise funds by way of issuing up to Rs. 500 million of nonconvertible debentures.

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

The proposal was approved at a meeting held Tuesday, according to the notice.

Mumbai-based TPL Plastech engages in the manufacture of plastic and polymer products.

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