India’s Spandana Sphoorty board to mull nonconvertible debentures

By Sarah Lizee

Olympia, Wash., May 29 – Spandana Sphoorty Financial Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Tuesday to consider an issue of nonconvertible debentures on a private placement basis.

The debentures would be issued in one or more tranches in a year, according to the notice.

The financial services provider is based in Hyderabad, India.

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