India’s Arman Financial board sets Dec. 12 meeting to mull new issue

By Sarah Lizee

Olympia, Wash., Dec. 2 – Arman Financial Services Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Dec. 12 to consider and approve raising funds by way of issuing securities.

The securities may include securities convertible into equity shares and/or nonconvertible debentures, among other options.

Arman is an Ahmedabad, India, non-banking finance company.

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