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India’s APL Apollo allots Rs. 750 million of redeemable debentures
By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – APL Apollo Tubes Ltd.’s board of directors allotted Rs. 750 million of redeemable, non-cumulative, taxable non-convertible debentures, according to a notice with the Bombay Stock Exchange.
The 750 debentures with a face value of Rs. 1 million each were privately placed with HDFC Asset Management Co. Ltd.
The manufacturer and exporter of steel pipes and tubes is based in New Delhi.
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