India’s Time Technoplast board OKs up to Rs. 3 billion of debentures

By Sarah Lizee

Olympia, Wash., Feb. 14 – Time Technoplast Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved a proposal to raise up to Rs. 3 billion of nonconvertible debentures.

The debentures would be issued in one or more tranches on a private placement basis, according to the notice.

Time Technoplast is a manufacturer of polymer products based in Daman, India.

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