- Friday, April 19, 2024
By: Eastern Eye Staff
The London Stock Exchange has become the first financial trading centre to issue a “masala” or rupee-denominated bond outside of India by an Indian company listed on the London Stock Exchange. The landmark listing, by HDFC one of India’s biggest banks, was welcomed by the Chancellor of the Exchequer, Philip Hammond. “I’m delighted that Housing Development Finance Corporation (HDFC) has chosen to list this landmark bond in London. It represents a major vote of confidence in London as the leading global financial centre and is further proof that Britain is a great place to do business,” said Hammond. The bond,…
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