US FIRM PLANS Rs4,000-CR `KNOWLEDGE CITY' IN STATE
Article Abstract:
Krisson Development of the US and a group of non-resident Indians have tied-up with Century Biotech Ltd of Bangalore to construct a Knowledge City in Karnataka at a cost of Rs4000 crore. Krisson is to hold a major share of the equity in the project and also plans to invite government agencies to participate in the equity. The Knowledge City will concentrate on a bio-technology park which will offer technical and physical infrastructure facilities to industrialists, technologists and scientists to set up research and development, testing and production units. Knowledge City will also provide a base for software development, manufacturing, pharmaceutical and processing industries. (khr)
Comment:
Will tie up with Krisson Development to construct a Knowledge City in Karnataka at a cost of Rs4000 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TIDEL TO MOP UP RS 265 CR
Article Abstract:
Tidel Park Ltd (TPL) proposes to privately place bonds and preference shares to raise Rs265 crore. It has already decided on the type of instruments and the interest rates. TPL has also identified a merchant banking firm for handling the issue. It plans to launch the proposed issue during September 1998. Currently, TPL is building an information technology park at Taramani in Chennai. The park is being set up at a cost of Rs290 crore. (ag)
Comment:
Proposes to privately place bonds & preference shares to raise Rs265 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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