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India’s Infotel to issue Rs. 5 billion non-convertible debentures
By Toni Weeks
San Luis Obispo, Calif., Nov. 17 – Infotel Broadband Services Ltd. informed the Bombay Stock Exchange that its board of directors and shareholders approved the issue of Rs. 5 billion of unsecured redeemable non-convertible debentures on a private placement basis.
The telecommunications company was acquired in 2010 by Mumbai-based Reliance Industries Ltd.
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