The five-year rupee-denominated green loan facility will help the company lower funding costs as the proceeds will primarily be used to prepay an existing offshore loan before its scheduled repayment date. The onshore loan, according to a local banker, could be priced at a spread of 200-250 basis points over three-month Treasury Bills, which yielded 6.45% in the Reserve Bank of India’s latest primary auction.
10 midcap stocks that have fallen up to 58% from their 52-week highs
Despite the Nifty Midcap 150 trading near peak levels, several individual constituents have suffered deep corrections. Data from ACE Equity reveals 10 prominent midcap stocks,