Saturday, November 3, 2018

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.

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