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Banks may set up holding cos; SPV to raise funds

Last Updated: Tuesday, May 13, 2014, 19:26

The Finance Ministry Tuesday asked PSU banks to explore the possibility of setting up holding company and Special Purpose Vehicle (SPV) to raise funds for expansion as the government may not be able to provide more than Rs 8,000 crore additional capital support this fiscal.

Cabinet approves SPV for TAPI pipeline, GAIL to join

Last Updated: Thursday, February 07, 2013, 17:08

The SPV is required to have an initial contribution of $20 million made up of $5 million from an identified entity from each of the four participating countries.

Cabinet to consider SPV for TAPI project on Thursday

Last Updated: Wednesday, February 06, 2013, 13:41

Struggling to get global energy majors who can build the USD 9 billion TAPI gas pipeline, its four promoter nations have decided to float a special purpose vehicle to keep the transnational project alive.

SPV approved to give IT support, services for roll out of GST

Last Updated: Thursday, April 12, 2012, 22:00

The government on Thursday approved setting up of a special purpose vehicle (SPV) to provide IT infrastructure for roll out of the proposed new indirect tax regime Goods and Services Tax (GST).