India’s NCL Industries to discuss issuing nonconvertible debentures

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – NCL Industries Ltd.’s board of directors will meet Friday to consider issuing secured redeemable nonconvertible debentures on a private placement basis, according to a notice with the Bombay Stock Exchange.

The company plans to use proceeds to replace loans and to finance a capital expenditure proposal of its cement and boards divisions.

NCL Industries is a Hyderabad, India-based manufacturer of building materials.

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