Vodafone Idea shares have dropped 24% in two days, falling below Rs 10 due to the AGR ruling. The Supreme Court upheld the full AGR demand of Rs 70,320 crore. Despite this, Nomura upgraded the stock to ‘buy,’ while UBS suggested a fair value range of Rs 12 to Rs 24.
PFC raises $300 million through five year dollar bond
Power Finance Corp successfully raised $300 million in international bonds, marking India’s second such issuance since the RBI’s special swap arrangement. The five-year bond was