State Bank of India (SBI) #45576
Created at
2024-06-18
Last update
2024-09-13
1 Parents (Involvements as child)
ID
Name
Government of India
Country of registration/origin
India
Classification
Government
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
State Bank of India (SBI) is a government-owned corporation with its headquarters in Mumbai, Maharashtra.
1 Children (Involvements as parent)
ID
Name
SJVN Arun-3 Power Development Company Pvt. Ltd. (SAPDC)
Country of registration/origin
Nepal
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Comment
8.35% Interest Rate
While Indian banks are lending Rs 85.98 billion, Nepali banks will be extending credit of Rs 15.36 billion to the mega project. The Indian banks will levy interest rate of 8.35% whereas Nepali banks are charging 8.80% interest rate. While banks are financing 70% of the project cost, remaining 30% will be direct equity from Sutlej Jalvidyut Nigam Ltd of India.
https://myrepublica.nagariknetwork.com/news/arun-3-achieves-financial-closure/