India Infradebt approves Rs. 1.5 billion non-convertible debentures

By Tanya Meyer

Chicago, Jan. 28 – India Infradebt Ltd. announced its committee of directors at a Jan. 28 meeting approved the allotment of Rs. 1.5 billion in secured, redeemable, non-convertible debentures, according to a notice with the Bombay Stock Exchange.

The debentures, with a face value of Rs. 1 million each, will be issued for cash at par.

India Infradebt is a Mumbai-based infrastructure debt fund financed by ICICI Bank, Bank of Baroda, Citicorp Finance (India) Ltd. and LIC.

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