The Supreme Court on Monday dismissed the petition filed by the Income-Tax Department against Reliance Communications on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), said the telecom operator. The Supreme Court order has quashed contingent tax liability of RCOM for about Rs 4,800 crore. During Financial Year 2006-07, Reliance Communications had issued […]
Fortis Healthcare said it´s Mauritius subsidiary Fortis Healthcare international Ltd, has will take a loan of SGD 165 mln (Rs 77.6 crore) from Singapore-based Consortium of Bankers. “Fortis Healthcare Ltd has being holding the company, is giving guarantee on behalf of FHIL securing the payment of principle and interest thereon.,” said the Indian company. Fortis […]
Shipping company Mercator Ltd said it has got shareholder approval to raise $15 mln in foreign currency loans. The company said the approval was given through postal ballot. The debt would be raised in the form of foreign currency convertible bonds or FCCBs. The FCCBs will have a an initial conversion price calculated at 58.5740 […]
