The notes are secured by a fixed charge over specified receivables, in line with the company’s domestic secured bonds and its senior secured debt issued overseas in US dollars and rupees.
Behari Lal Engineering shares surged 14% after making a strong market debut, listing at a 63% premium to the IPO price. Brokerages remain positive, citing
India has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondents net underweight on Indian
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