Highway developers hail FII funding
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ROADS & HIGHWAYS

Highway developers hail FII funding

01 Apr 2011 CW Staff
Highway developers cheered the Union Budget's step to allow foreign funds to invest in bonds of unlisted special purpose vehicles of infrastructure companies. In the budget, FIIs are allowed to invest in unlisted bonds of SPVs with a minimum lock-in period of three years, during which they can trade the bonds among themselves.

Highway developers cheered the Union Budget's step to allow foreign funds to invest in bonds of unlisted special purpose vehicles of infrastructure companies. In the budget, FIIs are allowed to invest in unlisted bonds of SPVs with a minimum lock-in period of three years, during which they can trade the bonds among themselves.

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