ALMATY, July 29 London-listed Kazakh oil producer Zhaikmunai ZKMq.L said on Wednesday it had raised $300 million to supplement its debt facilities and finance its capital expenditures.
"Zhaikmunai... announces a placing to raise $300 million through the sale of new common units, a major part of which will be in the form of global depositary receipts," it said in a statement. (Writing by Olzhas Auyezov; Editing by Maria Golovnina)
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Having bitten the bullet on bad loans, India's state-owned banks now need to merge into half a dozen well-capitalised institutions than can underwrite economic growth, the official overseeing the sector's overhaul said. Full Article