India’s Centrum Capital board OKs up to Rs. 10 billion debentures

By Sarah Lizee

Olympia, Wash., June 25 – Centrum Capital Ltd. notified the Bombay Stock Exchange that its board of directors met on Thursday and approved a proposal to issue up to Rs. 10 billion of nonconvertible debentures in one or more parts.

The issuance is subject to the approval of shareholders, according to the notice.

Centrum Capital is a Mumbai, India-based financial services company with a focus on wealth management, investment banking, brokerage, insurance and loan services.

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