Debt financing
The International Finance Corporation (IFC) is to make a 7-year senior debt investment of USD 75 million in Aadhar Housing Finance Ltd. The proceeds will be used to extend financing to retail buyers of affordable/green…
Debt financing
Eduvanz, a fintech startup that provides education loans, has raised INR 50 crore in a debt round of funding with participation from MAS, Vivriti, Oxyzo, and Unifi AIF. The company had total assets under management…
Debt financing
In a relief to Srei Group and its founder Hemant Kanoria, the Delhi High Court has ordered Punjab & Sind Bank to restrain itself from taking any further action on the company. This comes after a recent classification…
Debt financing
Chennai-based Ramcharan Company Pvt Ltd (RCCPL), which announced a USD 4.14 billion investment from a US-based fund called TFCC International last year, is facing insolvency after it failed to pay a loan of INR 3.5…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has directed that no "further steps" should be taken in pursuance with an order passed by the New Delhi bench of the National Company Law Tribunal (NCLT) with regard…
Debt financing
Yes Bank has filed an application before the National Company Law Tribunal to initiate corporate insolvency resolution process (CIRP) against Zee Learn Ltd. The bank claimed the total amount in default with respect to…
Debt financing
Zypp Electric, which operates in the last-mile space, has raised USD 1 million (about INR 7.6 crore) in debt funding from Northern Arc to expand its electric vehicle (EV) fleet services. The company, which is looking…
Debt financing
Mumbai-based publicly listed Future Enterprises has defaulted on repayment of loans to a consortium of banks and other lenders. The firm was required to pay INR 2,911.51 crore to a consortium of banks and lenders…
Debt financing
Bengaluru-based edtech company i-Nurture, which provides higher education programmes in India, is raising INR 75 crore in debt. The company will offer 1,500 non-convertible debentures (NCD) at an issue price of INR…
Debt financing
Future Group has proposed that 45% of its debt will be transferred to the books of Reliance on the sale of assets. Against outstanding loans of INR 28,921 crore owed by the 19 companies involved in the deal as of…
