India’s Sanghi Industries redeems Rs. 2.56 billion of 15½% debentures

By Tali Rackner

Minneapolis, March 9 – Sanghi Industries Ltd. informed the Bombay Stock Exchange that it redeemed Rs. 2,564,800,000 of its 15½% five-year secured redeemable nonconvertible debentures.

The company redeemed the debt using the proceeds from a March 7 private placement of Rs. 2.56 billion of 10½% debentures.

Sanghi is an Ahmedabad, India-based company that manufactures and sells cement and clinker.

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