The funds will be used to redeem bonds issued three years ago that have onerous clauses that could take the coupon rate on them to unusually high levels if the debtholders are not paid off by June, they said.
Ashok Leyland and Tata Motors shares rallied, tracking a sharp fall in crude oil prices and a broader market recovery amid hopes of a negotiated
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes
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