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The FTSE 100 Index closed Wednesday up 0.5% to 7500 points, amid a positive session for European markets despite a fall in mining and oil-exposed stocks on the back of lower commodity prices, CMC Markets UK chief market analyst Michael Hewson said in a...
The group was also planning to sell Gopalpur Port to raise upto $2 billion but the transaction has not materialised so far
Goswami Infratech plans to sell bonds Tuesday. The instrument has a tenor of less than three years, and is rated 'BBB minus' by Care Ratings, sources said.
Sterling and Wilson Solar was the last company from the Shapoorji Pallonji Group to make a debut on the domestic bourses back in August 2019.
The funds raised through this issuance will be utilised by the company to refinance upcoming maturities of Cyrus Investment Pvt Ltd debt, prepay Sterling Investment Corp Pvt Ltd debt amounting to ₹3,300 crore ($406 million), and fund other group debt obligations with ₹2,976 crore ($363 million). Additionally, the debt will be used to prepay ₹3,250 crore borrowed from Ares SSG and Farallon, which includes ₹2,300 crore of principal and ₹950 crore of interest payment.