The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
Infosys shares up 2% as dividend deadline looms: Last chance today to buy stock for Rs 22 per share payout
Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of
May 29, 2025