The company had pushed the early consent deadline from December 27 to January 2 on investor demand. Early consent fee of 2% will boost the overall return to the bond holders, who are already getting higher coupons on the bonds, said a consenting bondholder.
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish