The tenor of the loan is likely to be five years. It may be priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor. The deal is expected to be sealed in the next few weeks.
Stock market holiday today for Holi 2026: Are NSE BSE open or closed on March 3 for Holi celebration? Check now
NSE Holidays for Holi 2026: Domestic stock exchanges BSE and the NSE will remain closed today on account of the Holi holiday. India’s largest agri-commodity