People familiar with the matter told ET that the approval is more than 97% for bonds maturing in 2024, 2025, and 2026. The company had to immediately repay $1 billion debt on January 21. It had offered an additional early consent fee for those agreeing to the restructuring, sweetening the proposal for investors.
TER clarity a welcome step, but India’s MF industry still far from scale: Feroze Azeez
SEBI’s move to unbundle statutory levies from mutual fund TER aims for transparency, but Feroze Azeez of Anand Rathi Wealth cautions against excessive cost tinkering.