According to term sheets circulated among potential investors, the fundraising, managed by Deutsche Bank, is structured as a five-year facility, comprising non-convertible debentures (NCDs) with an expected yield of about 18%.
Motilal Oswal has reiterated its Buy rating on Vedanta Aluminium Metal with a target price of Rs 540, implying 21% upside. The brokerage expects EBITDA
PhysicsWallah shares surged around 5% after nearly 4.67 crore shares worth about Rs 550 crore changed hands in a block deal at Rs 117.72 apiece.
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