Friday, July 17, 1998
RIL debentures raise Rs 225 cr
Reliance Industries Ltd (RIL) has successfully raised Rs 225 crore through a one-year debenture issue priced at 13.25 per cent. With this, the textiles and petrochemical giant has raised Rs 375 crore worth of short-term debt in the last three weeks.
Tata exit from project leads to confusion
Confusion reigned in the Karnataka state government circles over the Tatas-Raytheon combine's decision to pull out of the Bangalore airport project as the chief minister JH Patel denied being intimated by the consortium on their decision.
Raymond's largesse of interest-free loans
The auditors of Rs 1,225-crore Raymond Ltd have qualified the balance sheet of the company for extending interest-free loans and other recoverables to its subsidiaries and group companies.
|
|
