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Inclusion in JPMorgan bond index to deepen Indian debt market, lower cost of capital: Morgan Stanley aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Business at LatestLY. In a significant development that could pull in foreign funds into India’s debt market, JPMorgan Chase & Co last week announced it will add Indian government bonds to its benchmark emerging-market index starting June 28 in 2024. Business News | Inclusion in JPMorgan Bond Index to Deepen Indian Debt Market, Lower Cost of Capital: Morgan Stanley. ....
ITC s move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor s concerns on the company s capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note.
According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders.
The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023. ....