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DEBT | 4 December 2012    1 Comment

Blackstone Backed Jagran Prakashan To Raise Funds

by Paritosh Gajjar
Blackstone Backed Jagran Prakashan To Raise Funds
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Publisher of 'Dainik Jagran', @Jagran, is set to raise R150 Cr through issue of secured NCDs.

The BSE filing by the company said the fund would be utilized to add to the long term resources and retirement of its high interest bearing short-term debt.

The NCD issue is rated Crisil AA+/Stable and the firm’s short-term rating have a rating of Crisil A1+.

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Navayuga Plan To Sell Stake In Its Power Assets

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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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