The funds will be used to redeem bonds issued three years ago that have onerous clauses that could take the coupon rate on them to unusually high levels if the debtholders are not paid off by June, they said.
Family offices of prominent industrialists and leading private equity funds, including Warburg Pincus, Bain Capital, and others, are considering acquiring a majority stake in Haier
Stock markets will be closed on December 25 for Christmas, and the next trading holiday is February 26 for Mahashivratri. The markets in the next
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