India’s Pudhuaaru board to discuss raising nonconvertible debentures

By Tali Rackner

Norfolk, Va., July 9 – Pudhuaaru Financial Services Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on July 12 to consider and approve the proposal to raise funds through an issue of nonconvertible debentures.

The board will also discuss a notice and explanatory statement to convene an extraordinary general meeting to seek approval of shareholders for the proposed nonconvertibles.

Pudhuaaru provides financial services in the remote rural areas of Thanjavur and Tamil Nadu districts in India.

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