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India’s Walchandnagar board approves Rs. 570 million of debentures
By Sarah Lizee
Olympia, Wash., Sept. 19 – Walchandnagar Industries Ltd. informed the Bombay Stock Exchange that the allotment committee of its board of directors approved an issue of Rs. 570 million secured redeemable nonconvertible debentures.
The unlisted debt will be issued on a private placement basis.
The engineering company is based in Mumbai.
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