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Article: UNITED PHOSPHOROUS TO RAISE $75 MN IN LOAN

Article from:
The Hindustan Times
Article date:
October 16, 2008
Copyright

Report from Indo-Asian News Service brought to you by HT Syndication.

Ahmedabad, Oct. 16 -- (IANS) Agro-chemical major United Phosphorus Ltd (UPL) is raising around $75 million in loan from the International Financial Corp (IFC) to fund its expansion as well as new projects in the next three years.The IFC loan will also enable UPL finance acquisition of new products or companies in the emerging markets. The company's investment plan for expansion, acquisition and new projects is estimated at $100 million.UPL chief financial officer S. Krishnan ...

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