
Thursday, July 29, 1999
MFs pick up IRFC paper from Deutsche Bank
In an innovative deal, Deutsche Bank recently lent Rs 300 crore to Indian Railways Finance Corporation (IRFC). It has been a win-win situation for the bank.
Institutions oppose ICICI's bid to tap overseas market
Life Insurance Corporation of India, General Insurance Corporation and Unit Trust of India, which together hold 32.8% stake in ICICI Ltd, seem to have expressed reservations to ICICI's global float.
17-yr paper may be auctioned at Rs 100.35
The Rs 2,000-crore 17-year stock is likely to be auctioned at Rs 100.35 to Rs 100.45 on Thursday, money-market dealers said. There has been enough liquidity to see the issue through and the main subscribers to the issue would be the insurance companies and a few banks, dealers said.
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