The fertiliser sector got a recent boost in investor sentiments after reports suggested that government is now weighing options to buyback fertiliser bonds worth Rs 6,900 crore. Talking about this issue, Suresh Krishnan, managing director of Zuari Industries said they expect one time positive impact of Rs 25-27 crore from this proposal. "The company had Rs 440 crore worth pending bonds," he told CNBC-TV18.
Earlier, the government had issued bonds to compensate for subsidies. Krishnan states that the buyback is expected to be at 15% discount. Below is the verbatim transcript of his interview with CNBC-TV18
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