The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its
November 3, 2026