Three major public sector companies, HUDCO, NaBFID, and SIDBI, are set to raise a significant ₹13,500 crore from the corporate bond market. This move comes as wholesale bank lending rates show signs of easing. Investors will be closely watching NaBFID’s ₹4,000 crore bond sale. This borrowing activity highlights the companies’ strategy to tap into the bond market for funding.
Preferential allotment likely in PFC-REC merger to help Centre retain majority stake and government company status
The government is on the brink of a historic merger between Power Finance Corp and REC, with plans for preferential share allocation to retain public