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DEBT | 3 December 2012

Adani Enterprises To Raise Funds Through Global Bonds

by Charmi Gutka
 
@charmi
@Adani_Enterprises_L is planning to raise funds by issuing $1.5 Bn global bond to fund its Australian coal, rail and port projects.

In August 2010, Adani Group had signalled its grand plan for Australia with the $3 bn purchase of Linc Energy’s coal tenements in the Galilee Basin, Australia’s single largest tenement, with a resource of 10.4 bn tonnes of coal.

The company plans to invest a further $7 bn in Australia over the next few years in the coal mine, the Abbot Point port project, and a 450 km track system that will connect the two.

JSW Steel May Raise Foreign Debt To Repay Rupee Loans

JSW Steel is planning to repay its R3500 Cr rupee loans by going for overseas borrowing of $600 Mn.

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Snapdeal Buys Product Discovery Portal Doozton

Jasper Infotech owned Snapdeal has acquired a year old bootstrapped fashion & lifestyle product discovery site Doozton for an undisclosed amount. With the acquisition Snapdeal seeks to provide a personalized way of listing and suggesting fashion merchandise on its ecommerce portal.

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