The board of directors of Nagarjuna Construction Company Limited (NCC) has
approved the issue of 1,000 secured redeemable non-convertible debentures
(NCBs) of Rs 10 lakh aggregating Rs 100 crore to the Life Insurance
Corporation of India (LIC).


The board has also accepted the resignation of VS Raju, director, from the
board of NCC, the company said in a filing to the BSE on Friday.

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