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Published on 4/20/2015 in the Prospect News Emerging Markets Daily.

India’s Reddy Housing approves Rs. 220 million issue of debentures

By Tali Rackner

Norfolk, Va., April 20 – Reddy Housing Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and approved an issue of 220 nonconvertible debentures at a face value of Rs. 1 million each.

The debentures will be issued at par to eligible investors on a private placement basis.

Reddy Housing is based in Tirupati, India.


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