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Business Briefs

IIFCL tax-free bonds

New Delhi, Dec. 24: State-owned India Infrastructure Finance Company Ltd (IIFCL) plans to raise up to Rs 9,215 crore through tax-free bonds to fund infrastructure projects in the country. “We plan to raise Rs 1,500 crore with a greenshoe option up to the shelf limit of Rs 9,215 crore on first come, first served basis,” IIFCL chairman and managing director S. K. Goel said here.

IndusInd Bank

Mumbai, Dec. 24: One of the promoters of IndusInd Bank — IndusInd International Holdings — today offloaded 46 lakh shares of the private sector lender for about Rs 196 crore through open market transaction.

Pendse ban

Mumbai, Dec. 24: Sebi today barred Dilip Pendse, former managing director of erstwhile Tata Finance, for two years from the securities market for fraudulent and unfair trade practices in four firms, including Tata Motors and Infosys, more than 10 years ago.

Advance tax

New Delhi, Dec. 24: The third instalment of the advance tax collection recorded a growth of 10.44 per cent at Rs 78,226 crore, the finance ministry said today.

IISCO plant

Calcutta, Dec. 24: The first step towards completing modernisation and expansion of IISCO Steel Plant at Burnpur was taken today with the commencement of hot production from the sinter plant.


 
 
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