Transport Corp. of India board OKs Rs. 2 billion nonconvertible debt

By Sarah Lizee

Olympia, Wash., May 24 – Transport Corp. of India Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and approved an issue of up to Rs. 2 billion nonconvertible debentures, bonds or other similar instruments.

The issue is subject to shareholder approval at an annual general meeting to be held for the financial year 2018-2019.

The issuer is a Gurgaon, India-based provider of integrated cargo transportation and logistics services.

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