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Shriram City Union Finance to raise 1B rupees in debenture issue

Shriram CityUnion Finance Ltd. plans to raise 1 billion Indian rupees byissuing secured nonconvertible debentures.

The company said Oct. 4 that it will issue the debenturesvia private placement.

As of Oct. 4, US$1 wasequivalent to 66.48 Indian rupees.