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India’s Radius Sumer plans to issue Rs. 500 million of debentures
By Tali Rackner
Norfolk, Va., March 22 – Radius Sumer Developers Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Wednesday to allot Rs. 500 million of rated, listed, taxable, secured, redeemable, nonconvertible debentures to Altico Capital India Pvt. Ltd.
The 50 debentures will have a nomiinal value of Rs. 10 million each.
Based in Mumbai, Radius Sumer is a real estate developer.
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