Debt financing
Chennai-based omnichannel meat and seafood product startup TenderCuts has raised INR 30 crore (about USD 4 million) in a debt funding round led by venture debt firm Stride Ventures. The startup would use the fund to…
Debt financing
Birla Carbon, an Aditya Birla Group company, has raised USD 750 million through sustainability-linked loan from a syndicate of over 15 banks. The proceeds will be used to refinance Birla Carbon's existing debts. ANZ…
Debt financing
The liquidator of Unit Trust of India Investment Advisory Services (UTI-IAS) has notified that its voluntary liquidation has commenced. The liquidator has called upon the stakeholders of UTI-IAS to submit proof of…
Debt financing
Neville Tuli-owned arthouse Osian's Connoisseurs of Art has been placed under bankruptcy proceedings. The Mumbai bench of the National Company Law Tribunal (NCLT) admitted a plea by state-run lender IDBI Bank to put…
Debt financing
Fresh bidding for Sterling Biotech, which is headed for liquidation, has drawn five potential buyers, including an Indian consortium of Shamrock Pharmachemi and India Gelatine & Chemicals, US-based startup Perfect Day…
Debt financing
The winning consortium of Jet Airways wants to infuse funds in the airline and has approached the National Company Law Tribunal (NCLT) to fast-track implementation of the resolution plan approved by the insolvency…
Debt financing
The Delhi High Court, in its latest ruling, has backed the legitimacy of the Insolvency and Bankruptcy Code (IBC) restraining any coercive action by the Enforcement Directorate (ED) against a company undergoing…
Debt financing
Ride hailing platform Ola has raised USD 500 million debt from international institutional investors. The company has raised the amount via Term Loan B (TLB) which usually has a floating interest rate with tenures of…
Debt financing
Debt-laden Vodafone Idea has paid INR 1,500 crore to IDFC First Bank along with INR 110 crore interest. It has made payment of principal amount together with interest for debentures that were due on December 13.
Debt financing
Nagpur-based Zqube Infracon has sought "appropriate orders" from the Kolkata bench of the NCLT to direct the RBI-appointed administrator looking into the corporate insolvency resolution process of Srei Infrastructure…
