Suzlon News
Rupee slump costly for India Inc convertible bonds
When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an unprecedented market boom.
The economy was growing at more than nine per cent a year, the rupee was rallying towards a record high against the dollar and the BSE Sensex had surged six-fold in the previous five years,
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