India’s NMDC board to discuss raising funds through bonds, debentures

By Sarah Lizee

Olympia, Wash., Oct. 7 – NMDC Ltd.’s board of directors will meet on Friday to consider a proposal to raise funds through one or more tranches of secured or unsecured nonconvertible debentures or bonds.

The issue would be made on a private placement basis, according to a filing with the Bombay Stock Exchange.

NMDC is a state-controlled mineral producer based in Hyderabad, India.

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