India’s Sterlite Technologies board OKs Rs. 1.5 billion debentures

By Sarah Lizee

Olympia, Wash., Jan. 17 – Sterlite Technologies Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of up to Rs. 1.5 billion nonconvertible debentures.

The issue was approved in a board meeting held Wednesday, according to a notice.

The debentures will be listed on the wholesale debt market segment of the BSE Ltd.

The company said the finalized terms of the issue has been delegated to a committee of the board of directors.

Sterlite is a Maharashtra, India-based manufacturer of telecommunications products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.