💨 Abstract

The Telangana Industrial Infrastructure Corporation (TGIIC) has raised approximately Rs 10,000 crore by issuing non-convertible debentures, using 400 acres of land adjacent to the University of Hyderabad as pre-collateral. The bonds, rated and listed in exchanges, carry a coupon rate of 9.35% and the funds are being utilized for various welfare schemes.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖