India’s Magma Housing approves Rs. 100 million of nonconvertibles

By Tali Rackner

Norfolk, Va., March 31 – Magma Housing Finance informed the Bombay Stock Exchange that its board of directors approved the allotment of Rs. 100 million of series F secured redeemable nonconvertible debentures.

The company will issue 100 debentures, each with a face value of Rs. 1 million, on a private placement basis to Bank of Maharashtra.

Magma Housing Finance is a New Delhi, India-based subsidiary of Magma Fincorp Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.