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The move was in response to a letter interim CHA Board Chair Matthew Brewer sent to the federal agency Wednesday that outlined Burnetts potential conflicts.
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Following India's sovereign rating upgrade by S&P, domestic firms like Credila and Muthoot Finance are actively pursuing offshore fundraising, aiming for over $2 billion. This move is expected to lower borrowing costs, though tax cuts and US tariffs introduce some risks. Market anticipates potential Fed rate cut may further influence fundraising strategies.
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Rakesh Gangwal's family trust divested a 1.3% stake in InterGlobe Aviation, IndiGo's parent company, for 2,933.4 crore through bulk deals. This sale is part of a phased exit strategy initiated after Gangwal stepped down from the board in February 2022. Shares of IndiGo closed lower following the transaction, though the stock has outperformed its benchmark index year-to-date.
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