India's ECL Finance approves debenture issue of up to Rs. 7.5 billion

By Tali David

Minneapolis, Nov. 19 - ECL Finance Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of secured redeemable non-convertible debentures up to an amount of Rs. 7.5 billion at a meeting on Nov. 19.

The debentures may be issued in one or more tranches, subject to required approvals.

ECL Finance is a Mumbai-based company that provides non-banking financial services.

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