India's Electrosteel Castings approves Rs. 2 billion in debentures

By Devika Patel

Knoxville, Tenn., Sept. 15 - Electrosteel Castings Ltd. informed the Bombay Stock Exchange that it approved plans at a board of directors meeting on Sept. 15 to issue about Rs. 2 billion in non-convertible debentures.

The debentures will be sold with equity shares and warrants.

Electrosteel Castings is a Kolkata, India, maker of water and sewer pipes.

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