“The bond will be priced on Monday with a base issue size of ‘1,000 crore with the option of increasing the size by another ‘4,000 crore. Insurance companies and pension funds which are the only buyers of this security have already been sounded off,” said a person aware of the issue. The company’s debt is rated AAA.
Sterlite Tech shares jump 4% as Nomura initiates coverage forecasting nearly 50% upside in 2026 multibagger. Here’s why
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre