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Essar Comm to re-launch bond issue, may raise Rs 4500cr

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Uploaded by on Dec 1, 2009

Essar Communication is reopening its bond issue. The company had first issued these bonds in October and had received bids worth Rs 4280 crores. These are bonds backed by Essar's put option to sell its stake in Vodafone. The issue had to be stopped because the RBI had called for some clarifications, reports CNBC-TV18s Gopika Gopakumar.

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