The money from Trafigura will be used to make debt repayments of $150 million to Oaktree, a research report issued by Nomura stated. The loan from Glencore, reported in stock exchange disclosures, was raised by pledging 4.4% of listed Vedanta Ltd.
Highway Infrastructure shares hit 5% upper circuit after listing; IPO delivers 75% returns in first hour
Highway Infrastructure Ltd shares surged 75% within an hour of debuting on the BSE, hitting the 5% upper circuit. Backed by strong IPO demand, robust