Jaiprakash CB prompts sharp drop in share price

The industrial conglomerate raises $150 million and becomes the first Indian company to issue a convertible bond in five months. But questions about the use of proceeds and the timing of the deal cloud the offering.
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A young Indian boy celebrates Independence Day earlier this month. Indian CBs have been few and far between so far this year (AFP) </div>
<div style="text-align: left;"> A young Indian boy celebrates Independence Day earlier this month. Indian CBs have been few and far between so far this year (AFP) </div>
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