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Published on 2/22/2017 in the Prospect News Emerging Markets Daily.

India’s Dewan Housing proposes Rs. 15 billion of redeemable debentures

By Tali Rackner

Norfolk, Va., Feb. 22 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that it proposes to issue Rs. 15 billion of secured redeemable nonconvertible debentures via private placement.

The issue is pursuant to a special resolution passed by the company’s shareholders at its 32nd annual general meeting held on July 20, 2016.

Dewan Housing is based in Gurgaon, India.


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