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Friday, September 17, 1999

Sidbi plans issue

ENS ECONOMIC BUREAU

MUMBAI, SEPT 16: The Small Industrial Development Bank of India (Sidbi) has firmed up plans to raise Rs 1,500 crore from the domestic market for fiscal 1999-2000. The mop up will help SIDBI bridge the gap in its resources due to cancellation of line of credit extended by Overseas Economic Cooperation fund of Japan and KfW of Germany in the wake of economic sanctions imposed by the two countries.

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