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Dewan Housing Finance to raise 30B rupees in debentures

Dewan Housing Finance Corp. Ltd. said May 14 that it plans to issue 30 billion Indian rupees in nonconvertible debentures.

The company has an option to retain an oversubscription of up to 90 billion rupees, aggregating to about 120 billion rupees.

As of May 14, US$1 was equivalent to 67.57 Indian rupees.