BRIDGING A (FUND) GAP-NOIDA TOLL BRIDGE COMPANY
Article Abstract:
Noida Toll Bridge Company (NTBC) plans to enter the capital market with an initial public offering (IPO) to raise Rs100 crore. The IPO comprises secured redeemable Deep Discount Bonds (DDBs), aggregating to Rs50 crore and Fully Convertible Debentures (FCDs) Rs50 crore. The proceeds of the issue will be utilised to part finance its Rs408 crore Delhi Noida Bridge project across river Yamuna ( between Noida in Uttar Pradesh and Maharani Bagh in Delhi). The promoter of the project is Infrastructure Leasing & Finance Services (ILFS). ILFS has floated NTBC as a special purpose vehicle for the bridge project. Each DDB is priced Rs5,000 and will have a maturity value of Rs45,000. The maturity period is 16 years. Investors of DDBs will get an interest at 14.72 percent per annum. The Fully Convertible Debentures (FCDs) will have a face value of Rs2,000. The FCDs will offer 14 percent interest payable once in six months. (gs)(psr)
Comment:
Noida Toll Bridge Company (NTBC) plans to enter the capital market with an initial public offering (IPO) to raise Rs100 crore.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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PUNE FLYOVER PROJECT SETS THE TREND IN PVT FINANCING
Article Abstract:
A consortium of municipal bodies and specialised state government agencies plan to raise funds from private parties for building 17 flyovers in Pune. The consortium plans to raise Rs450 crore without any guarantee from the government of Maharashtra. The projects will be developed similar to private projects. The projects will be based on toll collection and commercial use of adjoining land. The projects include 17 flyovers, seven railway overbridges and 12 river bridges. These will be built by the Pune Municipal Corporation, Pimpri-Chinchwad Municipal Corporation, cantonment boards around Pune, the Pune Public Works Department and MSRDC. Private parties will be invited for specific contracts under the supervision of government agencies. (ag)
Comment:
India: Consortium of municipal bodies & specialised state govt agencies plan to raise funds for building 17 flyovers in Pune
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TETRA CLOSES DOWN PUNE UNIT
Article Abstract:
The Tetra Laval group of Sweden has closed down its Rs8 crore flexible packaging unit at Rajgurunagar near Pune as it has decided to exit the plastic pouch activity globally. The unit had an installed capacity to produce 400 million pouches of one litre annually. It has also exited from its joint venture - Tetra Pak Nichrome Metal Works Pvt Ltd which manufactured machinery for the plastic pouch plant. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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