Debt financing
Lenders to Religare Finvest Ltd passed a resolution early last week to request the Reserve Bank of India (RBI) to start insolvency proceedings against the finance company after the banking regulator rejected the…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by budget carrier Go Airlines against an order passed by the NCLT allowing withdrawal of insolvency proceedings against Sovika Aviation…
Debt financing
The Delhi High Court (HC) has put an order by the RBI against the debt recast of NBFC Religare Finvest on hold until the next hearing. Religare Finvest, a fully-owned unit of Religare Enterprises (REL), filed a…
Debt financing
Multilateral funding agency Asian Development Bank has offered USD 68 million to IIFL Home Finance for expanding footprint in the affordable and green housing segment. The funding comprises a direct ADB loan of USD 58…
Debt financing
In a reprieve to Appu Hotels, which owns Le Royal Meridien Hotels in Chennai and Coimbatore, the National Company Law Appellate Tribunal (NCLAT) has set aside the sale process of the hotels' properties for INR 423…
Debt financing
Vodafone Idea has appointed SBI Capital Markets to negotiate the restructuring of loans worth INR 20,000-23,000 crore that the loss-making telco is due to repay within the next four years. The cash-strapped company has…
Debt financing
Bengaluru-based BeepKart, a full-stack online retailer of used bikes, has raised INR 7.5 crore from InnoVen Capital. The startup aims to take a digital-first approach to solve the apparent lack of trust and poor…
Debt financing
Public sector Punjab & Sind Bank (PSB) has declared IL&FS Tamil Nadu Power Company, a non-performing account, with dues of over INR 148 crore, as a fraud account and reported it to the Reserve Bank. The bank has…
Debt financing
All aircraft of TruJet have been grounded and at least five out of seven aircraft have been taken back by the lessors while two others are in the process of being deregistered. The airline's CEO, CFO, and CCO have quit…
Debt financing
Vernacular social media and short video entertainment platform ShareChat has picked up another debt round worth $100 million from existing backer Tencent. ShareChat has approved the issuance of 2147 Series D debentures…
