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India’s Future Retail issues Rs. 2.05 billion of 10¼% debentures
By Wendy Van Sickle
Columbus, Ohio, Aug. 24 – Future Retail Ltd.’s committee of directors approved and allotted Rs. 2.05 billion of 10¼% secured redeemable nonconvertible debentures on Monday, according to a Bombay Stock Exchange notice.
The issue, made up of 2,050 debentures at Rs. 100,000 each, was on a private placement basis.
CARE rates the debentures at AA-.
Future Retail is a multi-format retailer based in Mumbai.
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