Debt Financing
Bangalore-based electric scooter manufacturer Ather Energy has raised INR 130 crore debt from existing investor Hero MotoCorp. This is the first fund infusion in the company this year. It had raised USD 35 million in…
Debt Financing
Tata Capital Housing Finance has lent INR 130 crore to real estate developer Prescon Group's residential project in Mumbai's Mahim locality. The 49-storied sea-view tower, designed by architect Hafeez Contractor, will…
Debt Financing
The Delhi bench of the National Company Law Tribunal (NCLT) has admitted insolvency proceedings against erstwhile Bhushan Power and Steel Ltd (BPSL) promoters Sanjay Singal and wife Aarti Singal in an important step…
Debt Financing
Mumbai-based Rural fintech startup Jai Kisan has raised INR 25 crore in debt from Trifecta Capital. Jai Kisaan provides digital financial services starting with credit for online and offline, income-generating, rural…
Debt Financing
Kaar Technologies, a Chennai-based pre-play SAP consulting and services partner, has raised INR 30 crore in acquisition financing facility from Mumbai-based BlackSoil Capital. The funds will be used to help in its…
Debt Financing
Gurgaon-based agri-fintech company Origo Commodities will raise a debt of USD 20 million (INR 145 crore) from the US International Development Finance Corporation (DFC), the development finance institution of the US…
Debt Financing
The Reserve Bank of India (RBI) has superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance. The apex lender said that the action was taken in light of governance concerns and defaults by the…
Debt Financing
The sale of bankrupt Sical Logistics Ltd, earlier owned by the Coffee Day Group, under the Insolvency and Bankruptcy Code (IBC) has attracted 26 bidders, but the potential buyers are spooked by a lenders' decision to…
Debt Financing
The Committee of Creditors (CoC) will now come within the regulatory ambit of the insolvency regulator, Insolvency and Bankruptcy Board of India (IBBI). IBBI has also brought in stipulations to ensure that not more…
Debt Financing
The National Company Law Tribunal (NCLT) has restrained RHC Finance, a firm controlled by Malvinder Mohan Singh and Shivinder Mohan Singh, from exercising its voting rights in Religare Enterprises. The Delhi-based…
