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Prospect News home > News index > List of issuers O > Headlines for Orbit Corp. Ltd. > News item
Published on 11/9/2007 in the Prospect News Emerging Markets Daily.

India's Orbit plans Rs. 2 billion private placement of debentures

By Devika Patel

Knoxville, Tenn., Nov. 9 - Orbit Corp. Ltd. informed the Bombay Stock Exchange that it plans a Rs. 2 billion private placement of secured redeemable non-convertible debentures.

The company plans to sell 2,000 debentures at Rs. 1 million apiece to LIC Mutual Fund.

Orbit is a Mumbai, India-based real estate construction and development company with a focus on redevelopment of existing properties.


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