The capital raised by Adani Green Energy will be used to repay an outstanding $750 million, three-year bond issued in 2021 that’s due next year. The money is likely to be kept in a dedicated redemption reserve account and paid on the due date, said people aware of the matter.
Tech View: Nifty faces crucial resistance at 23,500; breakout needed to negate bearish sentiment. How to trade on Friday
Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate