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India Cements buys back non-convertible debentures
By Reshmi Basu
New York, March 30 - India Cements Ltd. said it redeemed some of its non-convertible debentures.
The company purchased Rs. 500 million of 14% redeemable non-convertible debentures, Rs. 37.5 million of 13½% redeemable non-convertible debentures, Rs. 2.2 trillion of 13% redeemable non-convertible debentures, and Rs. 910 million of zero-coupon secured redeemable non-convertible debentures.
The company, based in Chennai, is the largest producer of cement in South India.
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