âś…The Sutlej Yamuna Link Canal (SYL), is an under-construction canal to connect the Sutlej and Yamuna rivers. âś…The decades-old dispute over the canal, which is supposed to carry water from Punjab to Haryana, has its origin in a disagreement over sharing of Ravi-Beas water. âś…The river Beas joins river Sutlej in Punjab. âś…The dispute regarding sharing of river water emerged after Punjab was reorganised in 1966, and the state of Haryana was created (out of Punjab). After this, Punjab refused to share waters of Ravi and Beas with Haryana.
âś…The Sutlej Yamuna Link Canal (SYL), is an under-construction canal to connect the Sutlej and Yamuna rivers. âś…The decades-old dispute over the canal, which is supposed to carry water from Punjab to Haryana, has its origin in a disagreement over sharing of Ravi-Beas water. âś…The river Beas joins river Sutlej in Punjab. âś…The dispute regarding sharing of river water emerged after Punjab was reorganised in 1966, and the state of Haryana was created (out of Punjab). After this, Punjab refused to share waters of Ravi and Beas with Haryana.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
