Monday, May 23, 2011

Corporate Snippets

±  ICICI Bank raises US$1bn from the overseas market. (ET)
±  KSK Energy may raise Rs12bn to fund projects. (ET)
±  Axis Bank, SBI Card in race for Barclays' credit card business. (BS)
±  Government is likely to provide a guarantee or a comfort letter to National Aviation Company of India that will help the PSU airline access funds at 10-10.5% interest under a debt restructuring programme that is under negotiation. (TOI)
±  Orix in talks to buy TPG Cap’s 20% in Shriram Transport Finance. (ET)
±  Bajaj Hindusthan plans Rs18.2bn rights issue to partly repay debt. (ET)
±  GSPC may go in for private placement of 5-7% equity shares to raise Rs1-1.5bn. (BL)

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