Debt financing
Kalpataru Power Transmission Ltd has raised INR 200 crore through the issuance of non-convertible debentures (NCDs). It has allotted 2,000 NCDs of the face value of INR 10,00,000 each on a private placement basis. The…
Debt financing
A division bench of the Madras High Court upheld a single bench order to allow a winding-up petition against SpiceJet filed by Credit Suisse AG for defaulting on payment of about USD 24 million. The court, however…
Debt financing
Asset financing company Shriram Transport Finance Company (STFC) has raised USD 475 million (about INR 3,500 crore) through Reg S Bond, having a tenor of 3.5 years and offering a coupon of 4.15%. The proceeds from the…
Debt financing
Private equity firm Global Infrastructure Partners-backed Pristine Logistics has emerged as the top contender to buy Sical Logistics, the bankrupt firm previously owned by the Coffee Day Group. Pristine is the only…
Debt financing
Construction major Hindustan Construction Company (HCC) has defaulted on INR 2,161 crore of debt as of December last year even as the company's lenders have initiated a comprehensive debt resolution plan. The company…
Debt financing
Spandana Sphoorty, the troubled microfinance institution (MFI), has sought forbearance and a waiver from its lenders as regards some conditions in agreements on borrowing funds. While it is servicing all borrowing…
Debt financing
ReNew Energy Global Plc, through its wholly-owned Mauritian entity India Clean Energy Holdings, has raised USD 400 million at 4.5% by issuing green bonds. The senior secured dollar notes are certified green bonds by…
Debt financing
The State Bank of India (SBI) has put off the sale of its non-performing asset loan of KSK Mahanadi Power scheduled on December 31 after the income tax department started an investigation against few asset…
Debt financing
Delhi-based fintech NBFC LivFin India Pvt Ltd has raised USD 2 million in venture debt from BlackSoil. Livfin provides supply chain finance to mid-to-large corporations by setting up programs to lend to their…
Debt financing
Lenders to the defunct infrastructure company Lanco Infratech have set INR 819 crore as enterprise value for the company's 1200 MW thermal power plant in Uttar Pradesh (UP) as they hope to recover at least some dues…
