VRL faces potential rating action by S&P Global in the absence of a credible refinancing plan by July end for $1 billion bonds. On Friday, it told investors that the brand fee, at 3% of VDL’s annual revenue and subject to reviews within the six-year set mandate, can be increased to 5% without shareholders’ approval.
Manishi Raychaudhuri on factors that will dictate the market in next few months
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near
September 24, 2024