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Markets | IFCI to raise debt of Rs6,000 cr by Mar

Markets | IFCI to raise debt of Rs6,000 cr by Mar
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First Published: Tue, Jun 01 2010. 11 08 PM IST
Updated: Tue, Jun 01 2010. 11 08 PM IST
Mumbai: State-controlled IFCI Ltd plans to raise at least Rs6,000 crore in debt by March 2011 as it replaces shorter-term loans with longer-dated bonds.
The company has around Rs14,500 crore of debt outstanding, including around Rs6,600 crore in short-term bank loans, said Shashi Sharma, chief treasury and investment officer. More than half of the new debt it issues will be bonds, she said.
--Bloomberg
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CIL offering may be delayed till Sep
New Delhi: The initial public offering (IPO) planned by Coal India Ltd (CIL)may be delayed by at least two months to September, according to two people with direct knowledge of the development.
The state-run producer has yet to secure final government approval for the offer, the people said, declining to be identified because the information is confidential. CIL planned to raise as much as Rs13,000 crore in a share sale in July, two government officials had said in April.
--Bloomberg
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First Published: Tue, Jun 01 2010. 11 08 PM IST
More Topics: Markets | IFCI | Debt | Coal India | Share sale |