Hindustan Construction Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held December 27, 2011 has approved the issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis for an amount not exceeding Rs. 120 Crores to Axis Bank Ltd, Mumbai, on such terms and conditions as may be mutually agreed between the Company and Axis Bank Ltd and in compliance with the Regulations issued by SEBI and any other regulatory requirements for issue of Debentures.

Source : BSE - www.bseindia.com

(This article was published on December 27, 2011)
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