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Thursday, March 11, 2010

HDIL raises Rs 200 cr from debenture issue

Property developer Housing Development and Infrastructure Ltd (HDIL) today said it has received subscription worth Rs 200 crore for its non-convertible debenture issue.

The debenture issue is third tranche out of 11,500 debentures of Rs 1 milion each, aggregating Rs 1,150 crore.a The company is issuing debentures to retire its high cost debt.

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