ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Hurt by High Interest Costs

be redeemed in three equal instalments at the end of the 7th, 8th, and 9th year from the date of allotment. The debentures are rated by CRISIL as BBB (Triple B minus). The rating indicates sufficient safety with regard to timely payment of interest and principal for the present; however, changing circumstances are more likely to load to a weakened capacity to pay interest and repay principal than for debentures in higher rated categories, SBl Capital Markets, IDBI, ICICI, Bank of Baroda and J M Financial Consultancy Services are the lead managers of the issue.

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