The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
The bank aims to raise up to Rs.750 crore through the issuance of these bonds in one or multiple tranches
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
The lowering of the inflation projection for FY24 to 5.1% signals towards a higher GDP growth and credit offtake can be expected to be higher.
Debt/GDP ratio is relatively low, core infrastructure is seeing accelerated improvement and capital productivity is on an uptrend.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
According to a news report, capital associated with plans based on actuarial calculations is also being moved to SBI Life at the same time.