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Housing Development Finance to raise up to 450B rupees via debentures

Housing Development Finance Corp. Ltd. plans to issue up to 450 billion Indian rupees of nonconvertible debentures on a private placement basis.

The debentures will be issued in multiple tranches, according to a Jan. 2 filing on the BSE.

As of Jan. 2, US$1 was equivalent to 70.05 Indian rupees.