'Bank Did Not Give Any Loan': Minister On Hyderabad University Land Row
Telangana Industrial Infrastructure Corporation has raised nearly Rs 10,000 crore by issuing through a private placement of senior secured taxable redeemable, non-convertible debentures from the market by showing 400 acres of land adjacent to University of Hyderabad as "pre collateral", Industries Minister D Sridhar Babu said on Saturday.
Addressing a press conference, the minister said the bonds, which are rated and listed in exchanges, carry a coupon rate of 9.35 per cent and Rs 8,476 crore deposited in TGIIC account through the sale of bonds.
