According to a press release, the bank sold the 15-year infrastructure bonds on Monday with a rate of 7.54%, marking an aggressive spread over the similar government security curve of such a tenure.
Good show likely from the company.
Recommendation: Add; Target Price: Rs 10250
The company intends to fund both residential and commercial projects, keeping the fund size between $100 million and $200 million.
The Nifty once again rallied in the month of July 2023 to close at 19,754 levels, gaining a full 2.94% in the month.
According to a Civil Aviation Ministry press statement, Air India and IndiGo parent Interglobe Aviation have received in-principle approval for the import of 470 and 500 aircraft, respectively.
Mahindra also invests about Rs 12 crore in its Software Defined Vehicle Centre in Coimbatore.
According to IQVIATM sales data, the Onglyza tablets (2.5 mg and 5 mg) registered annual sales of roughly USD 100.7 million.
Brookfield also entered a formal deal with EIG to acquire Origin Energy in March of this year.
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