Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (5980)	8/27/1999 6:11:00 PM
From: Shivram Hala	Read Replies (1) \| Respond to of 12475

> Come to think of it - Aswathama is some sort of an > invincible character in Mahabharat - he is the only major > character from Kaurava sena whose life was spared. Aswathama is also the name of an elephant that was used to trick aswathama's father drona or some body to that effect. I think krishna says, or some one .. that after killing the elephant, they shout aswathama is dead. Drona in grief lays down his arms and is killed,... or something like that.

To: Cynic 2005 who wrote (5980)	8/27/1999 7:30:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

IL&FS, AIG eye stake in L&T's holding firms Mohan: Keep an eye on this one if you are interested. Vandana Saxena -------------------------------------------------------------------------------- Mumbai, Aug 27: Infrastructure Leasing & Financial Services (IL&FS), American Insurance Group (AIG) and Singapore Development Corporation are keen on picking up equity in the two proposed holding companies of Larsen & Toubro. L&T, which plans to set up holding companies for power and infrastructure sector, is in talks with institutions for joint ventures. IL&FS has shown interest both in power and infrastructure companies, said L&T senior vice-president YM Deosthalee. Talks with AIG and SDCL were so far limited to the infrastructure company. However, L&T may discuss with them for power company too. Initial equity base of these companies will be small but will be enhanced as the companies take on the new projects. Proposal for the two holding companies is part of the L&Ts overall restructuring programme. As per the plans some of the present investment in various power and infrastructure projects will be shifted to these new entities. Even for the new investment in these sector the holding companies willhave the first of refusal, said Deosthalee. If L&T wants to take equity in any of the related projects these companies will be consulted first, however, if they refuse to participate L&T is free to go ahead with the plans on its own strength. Earlier addressing the seminar here on infrastructure project financing, Deosthalee said that infrastructure development which is the key of the overall growth has been very slow in the country. A long-term funding mechanism is urgently needed for financing the infrastructure projects which have a long gestation period and even longer pay back period. He suggested that the government should allow investment of insurance, provident and pension funds in the infrastructure projects. Besides, a vibrant capital market is also important to generate resources for such projects. He said the higher interest rates is another problem in raising the huge funds. Besides the problem of financing the infrastructure sector also suffers from the lack of clear policy andbureaucratic delays.Power and infrastructure are among key business areas of L&T. On Thursday while addressing the shareholders at the annual general meeting of the company, managing director and chief operating officer AM Naik, said that power, infrastructure sector and information technology, will remain the engines of growth for the company.