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dbs bank: DBS will anchor PCBL s Rs 700-crore issue to finance Aquapharm buy

Stock exchange-listed PCBL Ltd announced the acquisition of Aquapharm Chemicals Pvt Ltd last November for Rs 3,800 crore. It informed the exchanges that the acquisition would be done through a wholly owned subsidiary company, Advaya Chemicals Industries Ltd, which was incorporated on January 11.

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ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda

The loan will strengthen ONGC Videsh s available cash as it contends with shrinking free cash.

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ONGC Videsh raises $420 million from DBS and BoB banks

Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said. "This is a five-year loan raised at about 125 basis points above the corresponding benchmark secured overnight financing rate (SOFR) and is likely to be syndicated to other lenders in the region by next month," one of them said.

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ONGC arm gets about Rs 35k cr loan from DBS Bank, Bank of Baroda

ONGC arm gets about Rs 35k cr loan from DBS Bank, Bank of Baroda
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India s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda, ET EnergyWorld

The loan will strengthen ONGC Videsh s available cash as it contends with shrinking free cash. Merchant bankers said last month that the company was likely to issue bonds to raise funds, and Venezuela provided some respite in January by agreeing to give ONGC Videsh some oil in lieu of $600 million dividend dues.

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