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Friday, May 7, 1999

Sebi clears ICICI bonds of Rs 4,000 crore 

PRESS TRUST OF INDIA  
Mumbai, May 6: The Securities and Exchange Board of india (Sebi) has cleared ICICI's unsecured redeemable bonds aggregating Rs 4000 crore with a green shoe option of another Rs. 4,000 crore.

The amount is proposed to be raised through eight types of bonds, easy instalment bond, encash bond, money multiplier or deep discount bond, index bond, tax saving bond, regular income bond, twin benefit bond and monthly pension bond, to be raised in one or more tranches, a Sebi statement said here today.

Meanwhile, the Industrial Finance Corporation of India(IFCI) has filed an application with the market regulator for its proposed rights issue of Rs. 353.62 crore at par.

The Antifriction Bearings Corporation Ltd has also filed its offer document for a rights issue of 5.78 crore at par.

Sebi has also cleared the rights issue of Hindoostan Spinning and Weaving Mills Ltd of Rs. 7.39 crore at par.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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