`

Feedback

Reader's Poll

Which of the following technologies/concepts are likely to witness significant traction this year?
 
Any data to show

Teledata

Tele Data

Mobile Subscribers Yearwise comparision

Essar Group and Hutchison Essar to raise loan

October 15, 2006
E-mail Print PDF



 -

The Essar Group has pledged a portion of its holding in Hutchison Essar to raise $530 million.

The group has appointed Standard Chartered Plc to arrange the loan, which would be repaid in two years. The group intends to raise $410 million and the equivalent of $120 million in rupees. The loan would reportedly be used to finance the group's ongoing expansion plans.

Separately, Hutchison Essar is planning to raise a syndicated loan of $300 million to ensure continued expansion across its 16 circles in India. The loan would be used to partially finance Hutchison Essar's $1 billion capital expenditure expansion programme.

 
 
  • Most Viewed
  • Most Rated
  • Most Shared
  • Related Articles

No Most Rated articles exists!!

 Your cart is empty

Monday morning

Monday morning