Essar Steel seeks FIs' okay to raise Rs 300 cr via rights
Essar Steel, the flagship of the Ruias, has put forth a proposal to financial institutions (FIs) for raising around Rs 300 crore through a rights issue of equity shares. However, FIs are yet to get back to the company with their response.

India Cement mulls private placement
India Cements (ICL) has commenced an exercise for privately placing equity to the tune of Rs 40 crore for part-funding Raasi takeover.

Crisil reaffirms `adequate safety' rating for AP guaranteed bonds
The Credit Rating Information Services of India Ltd (Crisil) has reaffirmed `A(SO)' rating to three debt issues, aggregating to Rs 770 crore, guaranteed by the Andhra Pradesh government.

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  Market Round-Up
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