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.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.