“The cost under SOFR regime is high at 6% as against at 1% under LIBOR.”
What cost being discussed here? Interest cost or the cost of raw materials or tax or something else?
Sounds like, this is a permanent change in the regime. So probably understanding what this means is critical to understand the impact on the company.
From what I read, it sounds like interest cost. Why is Ambika impacted by this, as the company entirely depends on internal accruals and with nearly no debt?
Any help to understand this is appreciated. Thanks.
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