Sunday, June 27, 1999
FIs ask Essar to set up Rs 1,000-cr escrow to bail out FRN
Essar Steel is heading for a default of its $250-million floating rate note issue as the bailout plan of the company by the financial institutions has hit a major roadblock.
Centre may offer partner 26% in Indian Airlines
The Government may allow a private partner to pick up a 26% stake in state-run Indian Airlines under the privatisation plan, the top civil servant in the aviation ministry said.
ICICI sanctions Rs 70 crore for Zee's DTO plan
ICICI has sanctioned Rs 70 crore for Zee TV's direct-to-operator project. The loan documents were signed on Friday, ICICI sources said.
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