Allow tax-free bonds to refinance HFCs: Piramal

With Rs 50,000 crore worth of commercial paper coming up for redemption by mid-November, the industry is worried about potential defaults. A large chunk of commercial paper borrowing is typically rolled over. However, as investors have turned cautious in the wake of the IL&FS default, finance companies that have issued commercial paper have come under pressure.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AIK6Ue

Newer Post Older Post