India’s Bilcare plans Rs. 916.2 million of 0% redeemable debentures

By Susanna Moon

Chicago, March 6 – Bilcare Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 916.2 million of zero-coupon redeemable debentures or bonds by way of private placement.

The issue was approved at the board meeting held Tuesday and requires shareholder approval, according to the notice.

The notes will be unlisted.

Bilcare is a pharmaceutical packaging company based in Ahmedabad, India.

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