Debt Financing
The administrator of Srei Infrastructure Finance and Srei Equipment Finance, Rajneesh Sharma, will seek a mandate from lenders to control the cash flows of the subsidiaries of the two bankrupt companies and appoint EY…
Debt Financing
Edtech unicorn Byju's has hired investment banks to raise a minimum of USD 500 million through Term Loan B (TLB) borrowings in the US. The firm will primarily use the funds for acquisitions. A part of the money raised…
Debt Financing
Fintech unicorn BharatPe has raised INR 100 crore (about USD 14 million) in debt from MAS Financial Services. It will use the funds to build its merchant lending vertical more aggressively. BharatPe is a B2B fintech…
Debt Financing
Embassy Office Parks REIT (Embassy REIT) has raised INR 4,600 crore coupon-bearing debt at an interest rate of 6.5%. It will use the proceeds to repay its existing zero-coupon bond outstanding of INR 4,530 crore. The…
Debt Financing
A two-judge bench of the National Company Law Tribunal (NCLT) in Delhi has sought revaluation of assets in a more than three-year old case involving auto components maker Acil Ltd despite an overwhelming number of…
Debt Financing
Essel Group enterprise Siti Networks is likely to be dragged to the National Company Law Tribunal (NCLT) by dissatisfied business operational creditors for debt resolution. The company owes an estimated INR 1,600 crore…
Debt Financing
Grip Invest, a digital platform for facilitating asset-backed investments, has entered into a USD 5 million (about INR 37.7 crore) asset financing deal with Bangalore-based House of Kieraya (HoK), known for furniture…
Debt Financing
Capital and consumer goods manufacturer Zetwerk Manufacturing has closed a INR 500 crore financing agreement with alternative debt platform TradeCred. As many as 13 family offices participated in the financing…
Debt Financing
BlackSoil, a venture debt fund, has invested INR 35 crore in five startups: Orange Retail Finance, WebEngage, Habanero Foods and CASHe and a generic pharma company. Orange Retail Finance is a Chennai-based, new…
Debt Financing
Jewellery D2C brand Melorra is raising INR 79 crore in debt from Kalpraj Damji Dharamshi and Hina Kalpraj Dharamshi of Dharamshi Securities Pvt Ltd. Hemang Raichand Dharamshi and Harsha Hemang Dharamshi, Ravindra…
