India’s Prism Cement board to consider debenture issue, redemption

By Sarah Lizee

Olympia, Wash., April 3 – Prism Cement Ltd. notified the Bombay Stock Exchange that its board of directors will meet on Saturday to consider an issue of unsecured nonconvertible debentures, tranche X.

The rated and listed debentures would be issued by way of private placement.

Additionally, the board will consider repurchasing its Rs. 500 million zero-coupon secured redeemable nonconvertible debentures, tranche IV, series B.

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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