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.
Deven Choksey is optimistic about investing in the metal sector due to stable energy prices and rising consumption. He also sees opportunities in some NBFCs
Shares of Jyoti Structures skyrocketed by 10% after investor Ashish Kacholia acquired a 2.52% stake. Showing notable growth, the stock has risen 91% over the
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