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Of the total funds raised, Rs5.3 billion would go into repayment of debt and the remainder for new projects, managing director K. Ramchand said India’s IL&FS Transportation Networks Ltd, a unit of IL&FS, has fixed a price band of Rs242-258 a share for its initial public offer to raise up to Rs7 billion ($154 million), [...]
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The discussions are being held with infrastructure development and finance major IL&FS as also with some other potential partners for sale of a minority strategic stake by RIL in Reliance Haryana SEZ Ltd, sources said With an aim to rope in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed [...]
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