JSL BRACES UP TO PAY REDEMPTIONS
Article Abstract:
Jindal Strips Ltd has taken steps to pay redemption of bonds valued at Rs73 crore by the end of March 1999. It has approached the finance ministry for permission to pay 20 percent (Rs14.6 crore) in the second week of January 1999 and the remaining 80 percent (Rs58.4 crore) by March 31, 1999. Payment for the bonds will be done through both internal accruals and loans from financial institutions. The company had mobilised $60.5 million by launching foreign currency convertible bonds in November 1993. Eurobond holders holding bonds worth $42.29 million have already opted for redemption over a period of time and the balance of $18.21 million is due for redemption in March 1999. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SUGAR IMPORT COULD TILT INDO-PAK TRADE BALANCE
Article Abstract:
Sugar, which was being exported by India to Pakistan until 1997- 98, is now being imported. Trade statistics show that India has imported 340,040 tonnes of sugar valued at Rs4.35 billion from Pakistan in the first seven months of 1998-99. India had exported 105,858 tonnes of sugar valued at Rs1.28 billion to Pakistan in 1997-98. India's exports of Rs2.21 billion to Pakistan during April-October 1998 is not even half of the imports from that country. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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