PFC TARGETS DISBURSAL OF Rs15,000 CR
Article Abstract:
Power Finance Corporation (PFC) has planned a total disbursal of Rs15,000 crore for the next four years of the Ninth Plan period. It had projected a total disbursal of Rs17,000 crore during the Ninth Plan to finance the requirements of the power sector, out of which it has already disbursed Rs2,000 crore. It plans to increase its disbursal by 12.5 percent to Rs2,250 crore during 1998-99. It plans to disburse Rs2,750 crore in 1999-2000, Rs4,500 crore in 2000-01 and Rs5,500 crore in 2001-02. To mobilise the required funds, PFC plans to raise Rs10,477 crore through market borrowings and Rs3,950 crore through loans from lending agencies, internal resources and government loans. (khr)
Comment:
Plans a total disbursal of Rs15,000 crore for the next four years of the Ninth Plan period
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SBI CAPS LOSING ACCOUNTS, REVISES LEHMAN BROS MoU
Article Abstract:
SBI Capital Markets, which is losing out on domestic business due to its declining GDR account mandates, has revised its memorandum of understanding (MoU) with the US investment banker, Lehman Brothers. The company has decided to raise between $300-500 million as external commercial borrowings and float a small GDR issue of around $40 million in the international market. SBI Caps has already failed to bag the GDR mandate of Indian Oil Corporation and has also lost the mandate as arranger in the domestic debt market. It lost the Concor domestic business account also after it failed to bag the mandate for the GDR issue. (gsh)
Comment:
Will raise between $300-500 mil as external commercial borrowings & float small GDR issue of around $40 mil in intnl mkt
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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S. KUMARS FINANCE & INVESTMENT - NOT INCREMENTAL CAPITAL
Article Abstract:
S Kumars Finance & Investment Ltd (SKFL), a non-banking finance company, has filed a draft offer document for the issue of 3,750,000 equity shares at Rs10 each at par for cash with the Securities and Exchange Board of India (SEBI). The issue involves the sale of the promoters' stake and will not result in an increase in the capital. The promoters' stake after the issue will be around 75 percent, compared to 100 percent now. (ag)
Comment:
Files draft offer document for issue of 3,750,000 equity shares at Rs10 each w/ Securities & Exchange Board of India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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