This fund will be used to repay the debt of Alchemist ARC. In the past, the company had faced various liquidity issues that resulted in defaults of its bank loans and subsequently debt was assigned in favour of an ARC.
The domestic equity market ended higher on Saturday. Sensex rose 236 points to 71,423 and Nifty gained 109 pts to 21,571. Here s a look at stocks that are likely to remain in action next week.
Last week, Indian equity benchmarks ended the extended trading week in red terrain as traders opted to book profit at all-time high levels amid tensions in the Middle East and dimming rate cut hopes by the US Fed.
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