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India’s HDFC Life board OKs up to Rs. 6 billion debenture issue
By Sarah Lizee
Olympia, Wash., April 27 – HDFC Life Insurance Co. Ltd. informed the Bombay Stock Exchange that its board of directors met on Monday and approved a proposal to raise up to Rs. 6 billion of nonconvertible debentures.
The debentures may be issued via private placement in one or more tranches.
The life insurance company is based in Mumbai.
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