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DEBT | 20 December 2011

Srei Infrastructure To Raise R500Cr

by Charmi Gutka
Srei Infrastructure To Raise R500Cr
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Srei Infrastructure Finance Limited is planning to raise R500 Cr in one or more tranches through public issue of infrastructure bonds in the nature of secured, redeemable, non-convertible debentures.

The company is yet to finalize the rate of interest of the bond and the issue is expected by early January 2012.

Morgan Stanley May Invest R600Cr In Sheth Developer's Andheri Project

Morgan Stanley May Invest R600Cr In Sheth Developer's Andheri Project

Morgan Stanley may invest R500-600Cr in Sheth Developer's residential project in Andheri, Mumbai.

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Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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