Debt Financing
Music and podcast streaming app Gaana has raised USD 40 million in debt from existing investor Tencent. Gaana claims to have a music library of 45 million songs along with 5,000 user-generated podcasts per month in…
Debt Financing
Steel magnate Lakshmi Mittal's younger brother Pramod Mittal has had his bankruptcy suddenly extended by the London High Court for failing to cooperate with the bankruptcy trustee. Mittal, 65, was declared bankrupt by…
Debt Financing
Mars Growth Capital, a division of the fintech company Liquidity and MUFG Fund, has closed a USD 30 million debt revolver financing agreement with Bengaluru-headquartered Zetwerk. The startup, which helps companies…
Debt Financing
Venture debt fund Alteria Capital has invested INR 20 crore in Bengaluru-based vernacular digital platform Pratilipi. The company will use the money to expand its user base through investments in marketing. Pratilipi…
Debt Financing
The National Company Law Tribunal (NCLT), Chennai has reserved its order on the one-time settlement offer between promoters of Siva Industries & Holdings Ltd. and lenders. Last week, NCLT had sought an explanation from…
Debt Financing
The National Company Law Tribunal (NCLT) Hyderabad-appointed liquidator, Sutanu Sinha, has invited expressions of interest (EoI) for IVRCL Ltd. The NCLT had earlier ordered the liquidation of the Hyderabad-based…
Debt Financing
The debt resolution plan of Mumbai-based Suraksha Realty Ltd, along with Lakshdeep Investments and Finance Pvt Ltd, has emerged the winning bid to acquire Jaypee Infratech Ltd (JIL), bagging 98.66% of the votes of its…
Debt Financing
Hyderabad-based HR staffing, payroll and recruitment firm BigLeap, has raised INR 5 crore debt from roller skating athlete and Arjuna award winner Anup Kumar Yama and others. The fund will be used to boost the…
Debt Financing
The National Company Law Appellate Tribunal (NCLAT) has stayed the allocation of INR 4,400-crore proceeds from the sale of Reliance Infratel Ltd's (RITL) tower and fibre assets. The NCALT decision is based on an appeal…
Debt Financing
The National Company Law Tribunal (NCLT) has cleared the resolution plan submitted by the Kalrock-Jalan consortium for Jet Airways. The consortium will now apply for the relevant government approvals before it can…
