India's Infrastructure Development plans Rs. 29.29 billion debentures

By Devika Patel

Knoxville, Tenn., Jan. 5 - Infrastructure Development Finance Co. Ltd. informed the Bombay Stock Exchange that its committee of directors approved plans to issue Rs 29.29 billion of secured, redeemable, non-convertible debentures at a meeting on Tuesday.

The debentures will each have a principal amount of Rs. 5,000.

The issue will be open for subscription from Jan. 17 to Feb. 4.

Chennai, India-based Infrastructure Development is an asset-management company.

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