The weighted average rate for TREPS, a collateralised form of borrowing, has largely remained around the MSF rate, currently at 6.75%. The RBI's repo rate is at 6.50%.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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