RBI had earlier voiced its reservations about ‘credit enhancement’ mechanisms like ‘letter of comfort’ and ‘letter of undertaking’ given by promoters or parent firm to the borrowing entity as well as supports like pledge of shares. Corporates lower their cost of debt, often significantly, through these structures.
Big Movers on D-Street: What should investors do with Prince Pipes, M&M and ONGC
Indian equity markets began the week by rising due to the positive outlook in global markets and breakthroughs in US debt ceiling negotiations. The S&P
May 30, 2023