India’s Emami board approves Rs. 1.5 billion of redeemable debentures

By Sarah Lizee

Olympia, Wash., March 15 – Emami Infrastructure Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of up to Rs. 1.5 billion redeemable nonconvertible debentures.

The debentures will have a coupon of 9.05% to be reset on March 11, 2020 and will mature three years after the date of allotment, which is yet to be decided.

Emami Infrastructure is a real estate development company based in Kolkata, India.

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