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SSNNL Redemption

Sardar Sarovar Narmada Nigam Ltd (SSNNL), which had found a notice four months ago from the paperses and replace Board of India (SEBI) to inform the salvation price of its deep dismiss bonds by January 10, 2009, has since started the salvation process. The legal tussle over the early salvation of the deep dismiss bonds (DDBs) issued by the Sardar Saroyan Narmada Nigam Limited (SSNNL) has deepened further.

A trust of the Hotel Janpath Employees’ Provident Fund has moved the Supreme Court versus the Gujarat authorities-owned SSNNL’s effort to unilaterally seek the previous salvation of the DDBs

The Reserve Bank of India will soon hike its concern rates to comprise money supply and thereby the expansion, feel important Beveridge. When sake rates rise, the prices of prominent bonds fall when places fall, costs rise.

Though this relative might not seem obvious at first, the argues are fairly simple. As per the recalled figures for the fiscal year 2008-09, declared by Gujarat’s Finance Minister Valance Vala in his interval budget speech, a deficit of Rs. 2,583.86 crore for the fiscal 2008-09 is expected.

Sardar Sarovar Narmada Nigam Ltd
Ashram Road, Ahmedabad 380 009

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