Mumbai: World Bank group member IFC has raised Rs 1,000 crore in the US from its first offshore sale of rupee bonds. The offering, which was oversubscribed two times, is part of the global development institution’s $1-billion offshore rupee bond programme, according to a statement from the International Finance Corporation. The three-year bond was offered and settled in USD.
SSTL Q3 net loss widens to R760 crore
New Delhi: Sistema Shyam Teleservices has reported widening of net loss to Rs 760 crore for the third quarter ended September 30 mainly on account of forex loss and business restructuring.
NTPC seeks Sebi nod to raise tax-free bonds
Mumbai: Country’s largest power producer, NTPC, has sought market regulator Sebi’s approval to raise up to Rs 1,750 crore through tax free bonds in the current financial year.