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BRIEF-MCB Group says has approved isuance of unsecured notes for max consideration up to 2 bln rupees‍​
October 26, 2017 / 6:51 AM / 25 days ago

BRIEF-MCB Group says has approved isuance of unsecured notes for max consideration up to 2 bln rupees‍​

Oct 26 (Reuters) - MCB GROUP LTD:

* HAS APPROVED ISUANCE OF UNSECURED NOTES FOR MAX CONSIDERATION UP TO 2 BILLION RUPEES‍​

* PROCEEDS OF NOTES ISSUE WILL BE USED FOR FINANCIING EXPANSION OF NON-BANKING ACTIVITES‍​

* CURRENTLY FINALIZING TERMS AND CONDITIONS OF NOTES. INTENDS NOTES TO BE LISTED ON STOCK EXCHANGE OF MAURITIUS LTD Source: bit.ly/2i48bdy Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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