MUMBAI: First-time bond issuers are rushing into India’s debt market as unprecedented stimulus steps reduce borrowing costs to the cheapest since 2005.
Yoga guru Baba Ramdev’s Patanjali Ayurved Ltd and Wipro Enterprises Pvt Ltd, part of Indian software tycoon Azim Premji’s empire, are among 91 maiden rupee-note sellers so far this year.
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