The telecom operator is selling commercial papers (CPs) with maturities of up to 12 months, the people said. SBI Mutual Fund is said to have agreed to subscribe to more than Rs 1,000 crore of Airtel’s debt and the country’s largest fund house will likely opt for CPs maturing in February next year at 6.53%, they said.
Mark Mobius still bullish on Indian banks, eyes defence and pharma sectors
Mark Mobius discusses investment strategies amidst geopolitical tensions and market dynamics. He highlights India’s potential, contingent on regulatory reforms, and identifies defense, IT, and pharmaceuticals
May 12, 2025