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Page 13 - ஏதெல்வேஸ்ஸ் நிதி சேவைகள் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

52-week high: Stock market update: 94 stocks hit 52-week highs on NSE

Explore Now Benchmark NSE Nifty index was trading 97.15 points up at 15026.65 on Tuesday on account of buying in frontline bluechip counters. Among the stocks that touched their 52-week highs on NSE were: Adani Green Energy, Centrum Capital, Deepak Fertilizers, Edelweiss Financial Services, Eris Lifesciences, IIFL Finance, Infosys, JBM Auto, MindTree, L&T Technology Services, Persistent Systems and UPL. Overall, 35 shares were trading in green in Nifty50 index, while 15 were trading in red in the afternoon trade. In the Nifty 50 index, Asian Paints, HCL Tech, Infosys, TCS and Dr. Reddy s were among top gainers, while Tata Steel, JSW Steel, Divi s Labs, BPCL and Coal India Ltd were trading in red.

Goldman, Cerberus Buy Rare Indian Junk Bond Offering 21%

Goldman, Cerberus Buy Rare Indian Junk Bond Offering 21% Bloomberg 3/16/2021 © Photographer: Nicky Loh/Bloomberg Signage on Goldman Sachs Group Inc. offices. (Bloomberg) Goldman Sachs Group Inc., Cerberus Capital Management and Edelweiss Financial Services Ltd. bought into a junk-rated rupee bond sale, a rare issue yielding as much as 21%. Popular Searches The firms invested in the 16 billion rupee ($221 million) issuance from Kesoram Industries Ltd. through various vehicles, according to an exchange filing Tuesday. The Indian cement manufacturer defaulted on its debt last year and is working to restructure repayments. The investments reflect growing interest in Indian distressed assets. Global heavyweights such as Apollo Global Management Inc. and Oaktree Capital Group have either struck deals or scaled up their local teams in recent years to bet on businesses struggling to stay afloat in the nation, which has a worsening pile of bad loans.

Kesoram Industries Ltd : Goldman, Cerberus buy rare Indian junk bond offering 21%

The firms invested in the 16 billion rupee ($221 million) issuance from Kesoram Industries Ltd. through various vehicles, according to an exchange filing Tuesday. The Indian cement manufacturer defaulted on its debt last year and is working to restructure repayments. The investments reflect growing interest in Indian distressed assets. Global heavyweights such as Apollo Global Management Inc. and Oaktree Capital Group have either struck deals or scaled up their local teams in recent years to bet on businesses struggling to stay afloat in the nation, which has a worsening pile of bad loans. Kolkata-based Kesoram, whose history dates back over 100 years, this month allotted equity shares and preference securities to 10 creditors as part of its plan to restructure debt. Funds from the bond sale will be used in part to repay existing loans and overdue liabilities.

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