‘Buy the Dip’ in large-cap stocks, FII flows unlikely to return soon
Bharti Airtel, Maruti Suzuki India, Avenue Supermart (Dmart), Reliance Industries, Axis Bank, IndusInd Bank, Larsen & Toubro, TCS, NTPC and Power Grid Corp are among the large-cap stocks in its buy list.
Vedanta seeks up to $1.2 billion via bonds to refinance debt
The bonds are raised through its issuing entity Vedanta Resources Finance II PLC. The bonds are fixed-rate senior unsecured guaranteed notes issued under 144A/Regulation S. The company gave initial price guidance of 10.375%, but was able to close the 3.5-year bond at 10.25% and 7-year bond at 11.25%.