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Shriram City Union Finance plans to issue up to 5B rupees of debentures

Shriram City Union Finance Ltd. plans to issue secured redeemable nonconvertible debentures worth up to 5 billion Indian rupees on a private placement basis.

The company said Nov. 28 that the board's banking and securities management committee will consider the issuance when it meets Dec. 1.

As of Nov. 28, US$1 was equivalent to 64.47 Indian rupees.