REC Ltd has raised $75 million from Sumitomo Mitsui Banking Corporation, Singapore. It has also entered into secured overnight financing rate to hedge the interest rate risk.
Sonalika chairman is 71st richest in India
Sonalika Group chairman LD Mittal (90), having a net worth of $2.92 billion, has been named 71st richest Indian in the Forbes’ list of 100 richest Indians. He has been named among top 75 wealthiest persons of the country for the 10th year in a row.
