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India’s IFCI board approves issuing up to Rs. 20 billion taxable bonds
By Tali Rackner
Norfolk, Va., Aug. 12 – IFCI Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved the issue of up to Rs. 20 billion of taxable nonconvertible bonds under its shelf prospectus.
IFCI, previously Industrial Finance Corp. of India, is a government-owned development bank.
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