Debt financing
The National Company Law Appellate Tribunal (NCLAT) has set aside an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) approving the bid by Anil Aggarwal-led Twin Star Technologies Ltd for…
Debt financing
Bengaluru-based non-banking finance company FincFriends has raised USD 1 million from Eclear Leasing & Finance. FincFriends, which has an app and lending platform RupeeRedee, will use the funds for business expansion…
Debt financing
Lenders to the Future Group plan to approach the Reserve Bank of India (RBI) to seek an exemption from tagging their loans to the retailer as non-performing assets (NPAs). Following a 19-month moratorium on repayments…
Debt financing
United Phosphorus Ltd, a producer of crop protection products, raised a second tranche of USD 700 million in sustainability linked loans (SLL) on December 31, 2021. The first tranche of USD 750 was raised in March and…
Debt financing
Future Retail Ltd has missed a INR 3494.56 crore payment due to their lenders on 31 December as per the terms of the one-time restructuring agreement. The company blamed the dispute with Amazon for the delay in…
Debt financing
Lenders have selected Vedanta's offer of INR 2,800 crore for a financially-stressed Lanco power unit, to put to a vote after its offer was declared higher than that of rival bidder iLabs Group. Vedanta and iLabs Group…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has stayed an order passed by the Competition Commission of India (CCI) against United Breweries Ltd (UBL), that imposed an INR 751.8 crore penalty on the beer maker…
Debt financing
The Reserve Bank of India has rejected Religare Finvest Ltd's proposal to rename itself Care Financial Services and declined to give new management status to the existing management. Lenders have tagged Religare…
Debt financing
L&T Metro Rail that runs metro trains in Hyderabad is raising up to INR 13,600 crore through bonds and commercial papers. The loss-making company aims to reduce its funding cost by at least 200 basis points by…
Debt financing
Adani Realty, the privately owned real estate arm of Gautam Adani, has bid for Ten BKC, a premium high rise residential complex near Mumbai's commercial district Bandra Kurla Complex. The project's construction has…
