Info Report Check
Submission incomplete:
The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
The DOE is requested to provide further information on how it validated the cost of debt used in the benchmark calculation; in particular;
a) Page 36 of the Validation report states that ING Vysya Bank had agreed to sanction the loan at an interest rate of 13.75%, whereas Page 32 of the Validation Report states that value of interest rate reflected in the loan sanction letter is 12.25 %. The DOE shall further clarify the inconsistencies in the interest rates.
b)The DOE shall clarify why has the value of 12.25% for cost of debt ; not been used in the WACC calculation?