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News Roundup: NTPC to raise $750M through bonds, syndicate loans

24 September, 2012

NTPC to raise $750M through bonds, syndicate loans: State-owned power firm NTPC today said it would raise up to $750 million through bonds and syndicate loans in the current fiscal and is awaiting the Finance Ministry’s nod. (Business Standard)

BPCL to offer 51% to LG Chem in proposed Kochi petrochem unit: State-run oil marketer Bharat Petroleum Corporation (BPCL), which is setting up its first propylene unit in Kochi, said it was ready to offer 51 per cent stake in the Rs 6,000-crore project to its Korean joint venture partner LG Chemical. (Business Standard)

BG eyeing stake in one of the 3 LNG terminals in west coast: BG Group, the UK’s third-largest natural-gas producer, is eyeing a stake in one of the three upcoming liquefied natural gas (LNG) import terminals on the west coast as it looks to sell more LNG in the energy deficient nation. (Business Standard)

Punjab govt to divest PSIDC stake in Punjab Alkalies: The Punjab government has decided to sell state-owned Punjab State Industrial Development Corporation’s (PSIDC) stake in Punjab Alkalies & Chemicals Limited (PACL), an official said.”The decision has been taken to divest the stake of PSIDC in PACL and it is the intention of the (Punjab) government,” PSIDC Managing Director Vikas Pratap said here today. (Business Standard)

Rabo Private Equity, Abraaj Capital set to invest Rs 100Cr in Prabhat Dairy: Rabo Private Equity and Abraaj Capital are in advanced stages of buying a small stake in Ahmednagar-based Prabhat Dairy worth Rs 100 crore, people close to the transaction told ET. Prabhat is expected to use the money to fund expasnion and meet other corporate purposes. (The Economic Times)

Avendus PE Investment Advisors to launch third fund: Avendus PE Investment Advisors, a risk capital fund focused on private investment in public enterprises (PIPE), plans to launch its third fund, buoyed by low entry-level valuations and greater exit opportunities for investments in listed stocks in India. (The Economic Times)

BSE IPO likely by 2013 end, may raise Rs 1,250Cr: BSE, formerly known as Bombay Stock Exchange, is set to become the first securities exchange in the country to go public, raising, in the process, Rs 1,000-1,250 crore by the last quarter of the current fiscal. (The Economic Times)

Tata Metaliks in talks to sell Maharashtra plant: Pig iron maker Tata Metaliks has revived efforts to sell its plant at Redi in Maharashtra after a deal with Fomento (Karnataka) Mining Company Pvt Ltd failed in April. (DNA)

Courtesy: VCCEdge   


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News Roundup: NTPC to raise $750M through bonds, syndicate loans

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