
Tuesday, June 29, 1999
ICICI plans Rs 2,000 cr GDR, domestic float
ICICI is planning a massive Rs 2,000 crore equity float this fiscal which will include a global depository receipts issue as well as private placements with three principal institutional shareholders of the institution--UTI, LIC and GIC.
BankAm secures adviser's mandate
Bank of America has bagged the financial advisory, and M&A mandate for Marathon Power's Rs 720-crore buyout of the 515mw Essar Power. Financing of the acquisition may see the participation of local and overseas players.
Marathon to buy Essar Oil 80mw captive power plant
Marathon Power of the US will buy Essar Oil's 80mw captive power plant in addition to Essar Power in a composite deal aggregating $212 million.
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