PVP Ventures board approves up to Rs. 500 million secured debentures

By Tali David

Minneapolis, Nov. 13 - PVP Ventures Ltd. informed the Bombay Stock Exchange that its board of directors has approved the issue of up to Rs. 500 million of rated redeemable secured listed nonconvertible debentures.

The 500 debentures will have a face value of Rs. 1 million each and will be sold for cash at par.

The debentures will be issued on a private placement basis.

PVP Ventures is a Hyderabad, India-based real estate and property development company.

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