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From THE HINDU group of publications Sunday, December 10, 2000 |
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Bonds & FDs
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Srei International Finance
Crisil has removed the outstanding fixed deposit (FD) of Srei International Finance Ltd from rating watch.
The FD was put on `rating watch with developing implications' on August 4 as a result of the company's announcement of plans of a proposed merger with Alpic Finance, Apple Credit Corporation and Apple Finance. However, the recent breakdown in the four-way merger has led to the dropping of Srei International from rating watch.
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