Nuvoco Vistas plans to raise ₹1,200 crore through CCDs and CCPS in Vadraj Cement to refinance bridge facilities used for the ₹1,800 crore acquisition. Trust Capital is arranging the fundraising, which involves merging Vanya into Vadraj after the acquisition. The funds will refinance short-term debt through long-term maturity instruments.
No runaway rally ahead; valuations limit market upside: Siddharth Vora
Siddharth Vora of PL Asset Management suggests a range-bound market with a shift to ‘buy on dip’ sentiment. While positive triggers seem priced in and