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India’s ECL Finance board OKs up to Rs. 4 billion nonconvertibles
By Tali Rackner
Norfolk, Va., Jan. 23 – ECL Finance Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved a public issue of up to Rs. 4 billion of nonconvertible debentures.
There is a greenshoe for an additional up to Rs. 4 billion.
ECL Finance is a Mumbai-based company that provides non-banking financial services.
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