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India’s Empee Distilleries board OKs Rs. 375 million of debentures
By Tali Rackner
Norfolk, Va., April 27 – Empee Distilleries Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and approved the allotment of Rs. 375 million of 14% secured rated listed redeemable nonconvertible debentures.
The 375 debentures, each with a face value of Rs. 1 million, will be issued on a private placement basis.
Empee is a liquor manufacturer based in Chennai, India.
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