Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level.
Standard deviation studies pointing Nifty at 25,000 and beyond: Anand James
Anand James of Geojit Investments sees potential for Nifty to hit 25,000, though warns that a drop below 24,280 may signal weakness. He expects defence