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Tag: financial discipline

We like their business even though valuations are expensive: DSP Mutual Fund provides clarity on investments in Lenskart’s IPO
Stock Market

We like their business even though valuations are expensive: DSP Mutual Fund provides clarity on investments in Lenskart’s IPO

DSP Mutual Fund has clarified its decision to invest in Lenskart’s IPO following criticism on social media and several investors discussing the valuations. The fund house posted on social media platform However, given the questions and concerns on social media over the past 24 hours, we felt it was important to share clarity with our […]

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Vedanta Resources raises 0 million through bond issuance; use the proceeds to pay off short-term debt
Stock Market

Vedanta Resources raises $500 million through bond issuance; use the proceeds to pay off short-term debt

Anil Agarwal-led Vedanta Resources Ltd (VRL) raised $500 million through bonds in October and will use the proceeds to repay short-term liabilities. According to the letter to bondholders, the company stated that “the average maturity of its debt portfolio is now well over four years, and it has reduced its weighted average interest expense to […]

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