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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Aditya Birla Sun Life AMC, SBI Mutual Fund and HDFC AMC are directly exposed to the group’s commercial paper borrowings.
Editor's note: The Adani group is likely to buy back part of its commercial paper borrowings from some domestic mutual funds ahead of their maturity, according to two people with direct knowledge of the matter. “Adani is buying back our outstanding debt starting from this week, as they have liquidity,” says the CEO of a fund house that has exposure to Adani stocks, asking not to be named. He adds that the buyback would be of commercial papers and is going to happen in the next couple of days. Commercial papers are a short-term debt instrument issued by companies to raise funds in order to meet their working capital needs. Mutual funds are a key investor in these instruments. “The Adani group would be buying back 25% of the commercial papers from domestic fund houses in the next couple of days,” says a senior executive at another fund house with exposure to the group’s debt, also requesting anonymity. This is over and above the scheduled repayment of Rs 993.53 crore due to SBI Mutual Fund and Rs 496.77 crore due to Aditya …
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
