NOIDA TOLL BRIDGE ANNOUNCES FINANCIAL CLOSURE
Article Abstract:
The Noida Toll Bridge Company Ltd, which was selected to construct the Rs408 crore Noida-South Delhi bridge, announced its financial closure on December 30, 1998. The project has an equity component of Rs122 crore and a debt component of Rs286 crore. Equity has been brought in by IL&FS, Noida, Interlolil and international institutions. The debt component has been contributed by banks and financial institutions including IDFC, IFCI, IDBI, State Bank of India, Union Bank of India, Canara Bank and ILFS. (khr)
Comment:
The Noida Toll Bridge Company Ltd, which was selected to construct the Rs408 crore Noida-South Delhi bridge, announced its financial closure on December 30, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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UCB TO INVEST $10 M IN PHARMA BUSINESS
Article Abstract:
The $1.7 billion UCB Chemicals of Belgium plans to invest $10 million in the next five years to expand its business in India, making it the hub for Asia. UCB India Ltd is a joint venture between UCB with 51 percent stake and Unimediflix, an Indian subsidiary of Vedim of UK which holds a 49 percent equity. The company has a site at Vapi in Gujarat. UCB India makes anxiolytics, appetite stimulants and anti-allergens with sales of Rs25 crore. (nr)
Comment:
The $1.7 billion UCB Chemicals of Belgium plans to invest $10 million in the next five years to expand its business in India, making it the hub for Asia.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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