Debt

Debt financing

SP Group firm Evangelos raises Rs.1,375-Cr to repay group co's borrowing

Economic Times  

Evangelos Ventures Pvt Ltd, promoted by the Shapoorji Pallonji Group (SP Group), has raised INR 1,375 crore in debt from Ares SSG Capital and Farallon Capital-affiliate companies to retire high-cost borrowings of Goswami Infratech Pvt Ltd, a sister concern. Evangelos Ventures raised INR 625 crore from Ares SSG Capital affiliate and INR 750 crore from Farallon Capital affiliates at an internal rate of return of more than 15%.