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Published on 4/27/2016 in the Prospect News Emerging Markets Daily.

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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