The proceeds of today's bonds will be utilized in enhancing long-term resources for funding infrastructure and the affordable housing segment, SBI said in a release.
According to SBI, the fund proceeds will be utilized to enhance long-term resources for funding infrastructure and the affordable housing segment. The tenor of these bonds is 15 years.
Mumbai (Maharashtra) [India], July 7 (ANI): Anil Ambani-led Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis.