India Infoline seeks Rs. 100 million nonconvertible debenture issue

By Tanya Meyer

Chicago, Dec. 14 – India Infoline Finance Ltd. notified the Bombay Stock Exchange that its debenture committee will meet on Dec. 17 to consider issuing Rs. 100 million of secured redeemable nonconvertible debentures.

The debentures will be issued on a private placement basis, with an oversubscription option for up to Rs. 100 million, according to a news release.

India Infoline Finance is a Mumbai-based, diversified financial services company.

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