Crosshairs: Sardar Sarovar shifting companies

Shifting Goalposts

Investors who bought deep discount bonds of Sardar Sarovar Narmada Nigam Limited (SSNNL) are in a fix following the Gujarat government issued notices for “compulsory premature redemption” after passing an enabling legislation. Some have filed petitions against the redemption. Others are confused about the consequences of not signing the discharge form. The SSNNL bonds of...

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