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News Roundup: NHB to raise $600M from World Bank, DFID and Japan Bank to promote low-cost housing

11 October, 2012

NHB to raise $600M from World Bank, DFID and Japan Bank to promote low-cost housing: National Housing Bank or NHB plans to raise $500-600 million loans from multilateral funding agencies at a cheaper rate for financing low-cost housing units.The housing finance regulator is in talks with the World Bank, Department for International Development or DFID of the UK and Japan Bank of International Cooperation for raising the fund, chairman and managing director RV Verma told ET Wednesday. (The Economic Times)

Future Group looking at options to bring partners: Future Group is looking at various options to bring investors in its various ventures and forge partnerships, said Kishore Biyani, founder and group CEO of the group. “We need money and we are on the drawing board. We looking at aligning our business or bring strategic partnerships in our ventures,: Biyani said. (Business Standard)

Miglani family cos get CCI nod for stake buy in Lloyds Steel: Fair trade regulator Competition Commission of India has approved the proposed acquisition of over 27 per cent stake in Llyods Steel Industries by two companies, which are promoted by Miglani family.Ultimate Logisitics Solutions Pvt Ltd and Metallurgical Engineering and Equipment Ltd are promoted by Miglani family, who along with ArcelorMittal co-promote Uttam Galva Steel. (Business Standard)

HDFC plans to raise up to Rs 10B via bonds: India’s Housing Development Finance Corp plans to raise up to Rs 10 billion ($189.30 million) through five-year bonds with a put option at the end of 13-months at 9 per cent, a source with direct knowledge of the matter said on Wednesday.

Sterlite to raise Rs 5B via bonds- Source: Sterlite Industries plans to raise Rs 5 billion ($94.3 million) through a bond issue at 9.40 per cent, a source with direct knowledge of the deal told Reuters on Wednesday.

Courtesy: VCCEdge  


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News Roundup: NHB to raise $600M from World Bank, DFID and Japan Bank to promote low-cost housing

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