Hindustan Zinc (NSE:HINDZINC, BOM:500188) has received board approval to raise up to 5 billion Indian rupees through the issue of unsecured, redeemable, rated, listed, non-convertible debentures on a private placement basis, according to a Monday filing to the Indian stock exchanges.

The debentures will be issued in three separately transferable and redeemable principal parts, wherein the first two parts will comprise up to 10,000 debentures each and the third part will have up to 30,000 debentures.

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