India’s Prism Cement approves Rs. 2 billion of nonconvertible debt

By Tali Rackner

Norfolk, Va., Nov. 30 – Prism Cement Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of Rs. 2 billion of secured nonconvertible redeemable taxable debentures, tranche VIII.

The rated and listed debentures will be issued on a private placement basis.

Based in Hyderabad, India, Prism Cement is a building materials company with products that include cement, ready-mixed concrete, tiles, bath products and kitchens.

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