Jain Irrigation Systems Ltd plans to raise up to $75 million through foreign currency convertible bonds (FCCBs), mainly for redemption of existing bonds.
Tag: FCCB
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shareholdersĂ´ nod FOR essar ports
Private sector port operator Essar Ports (EPL) said shareholders have approved its proposal to raise up to $1 billion through securities, from domestic and international markets to fund expansion plans. One of the countryĂ´s largest port operators, EPL plans to increase its cargo handling capacity from 104 million tonne per annum (mtpa), at present, to 194 mtpa.
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India CementsĂ´ QIP proposal okayed
India Cements Ltd (ICL) has received shareholder approval for raising Rs 500 crore through qualified institutional placements (QIP) or foreign currency convertible bonds (FCCB) to meet its capital expenditure needs.
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India Inc’s overseas borrowing rises in January
Data from Reserve Bank of India (RBI) shows that overseas borrowing of Indian companies rose to $3.51 billion in January from $1.15 billion in the previous month. The companies raised the amount through external commercial borrowings (ECB) and foreign currency convertible bonds (FCCB). In order to fund its projects, Power Grid Corporation of In India Inc raised over $ 3.51 billion from overseas markets in January through external commercial borrowings and foreign currency convertible bonds.
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Power, telecom cos raise foreign funds
The Centre had approved companies' fund raising worth Rs 60,950 crore through extĂÂernal commercial borrowing (ECB) or foreign currency cĂÂoĂÂnvertible bonds (FCCB) for inĂÂfrastructure projects in the last two financial years.
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Power, telecom cos raise foreign funds
The Centre had approved companies' fund raising worth Rs 60,950 crore through extĂÂernal commercial borrowing (ECB) or foreign currency cĂÂoĂÂnvertible bonds (FCCB) for inĂÂfrastructure projects in the last two financial years.