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Shareholders are selling company stakes. This follows a stock market recovery. Over 50,000 crore in shares have been sold this month. Deals involve companies like ITC, Bharti Airtel and IndiGo. Experts believe this trend will continue. Positive market sentiment and easing global concerns are driving the sales. Several companies are planning to raise funds soon.
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News and Media
The president's signature import taxes win a legal reprieve, as the White House rails against "activist judges".
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Life Insurance Corporation of India invested in Adani Ports. LIC purchased 5,000-crore non-convertible debentures. This investment supports Adani Ports' plan to refinance debt. The company aims for longer-term borrowings at lower rates. The 15-year bond has a 7.75% coupon. Adani Ports will use the funds for capital expenditure. Refinancing existing debt is another purpose.
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News and Media
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