United Spirits Limited is planning to raise $225 Mn FCCBs by early 2012 in order to reduce cost of debt.
According to filing on BSE, the company plans to issue FCCBs to the extent of $175 Mn with a green show option of up to a further $50 Mn.
Standard Chartered Bank, Rabo Bank and DBS Bank have been appointed as advisors to the issue.
I heard that Calfornia Pension is going to default and I started wondering what could be India's contribution to that.
Tata Sons is reportedly planning to buy 2.18% stake or 1.94 Cr shares in Titan Company from Tata Steel for a consideration of R680 Cr taking Tata Sons’ total holding to 19.59%. The shares will be purchased on or after 11th August, 2015.