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CONSORTIUM LOANS
Reliance unveils India's biggest IPO plan as Jio Platforms files DRHPJio Platforms, Reliance Industries' digital arm, has filed for India's largest-ever public issue, aiming to raise a record $4 billion. This...
How Mukesh Ambani plans to spend Jio's mega Rs 27,500 crore IPO proceedsReliance Jio’s upcoming IPO aims to raise approximately $3 billion. The company intends to allocate Rs 27,500 crore to prepay debt, strengt...
Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empirePizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outs...
Bank credit grows 17.4% in May as rising yields push companies to loansBank loans are seeing a surge. Credit growth reached 17.4 percent by May 31, the highest in almost two years. This rise is driven by compan...
PIL in Supreme Court alleges Rs 1,500 cr banking fraud, seeks court-monitored probeA PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset re...
OPL in talks to sell stake to AvenuesAI, eyes AI-powered credit revolutionOnline PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% ...
IRFC to raise ECB loan worth $2 billion to finance large infra projectsIndian Railway Finance Corporation is set to raise USD 2 billion through external commercial borrowing. This funding will primarily be in J...
Blackstone pledges entire Mphasis stake to refinance loanSingapore-based promoter entity BCP Topco IX Pvt Ltd, a Blackstone subsidiary, has pledged its holding to refinance its existing loan, with...
Voda Idea may consider raising fresh funds to bolster its booksVodafone Idea's board will meet on May 16 to discuss a significant fundraising plan, aiming to secure fresh capital through equity and warr...
Vodafone weighs stake transfer to boost India unit capital: ReportVodafone Group is exploring transferring a portion of its stake in Vodafone Idea to the Indian unit for treasury holding, potentially repla...
Vodafone said to weigh move to transfer part of India unit stake to strengthen Vi balance sheetVodafone Group Plc is planning a capital boost for its Indian venture, Vodafone Idea Ltd. The UK telecom giant may transfer some of its sha...
Vodafone Idea eyes ₹25,000 crore SBI-led funding after AGR reliefA State Bank of India led consortium is looking at providing ₹25,000 crore debt funding to Vodafone Idea. This comes after the government s...
SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
Coforge completes Encora acquisition; secures $550 million loan, drops QIP planCoforge has completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion. To fund the transacti...
ED chargesheets UK national in probe against Videocon GroupThe Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the V...
SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
IKS in talks for $675 mln loan to fund TruBridge acquisitionInventurus Knowledge Solutions, a Mumbai firm, is nearing a deal to acquire TruBridge. The company is arranging a substantial offshore loan...
SC turns down Anil Ambani plea against 'fraud' tagThe Supreme Court has rejected Anil Ambani's appeal. He challenged banks classifying his loan accounts as fraudulent. The court found no gr...
Banks plan common portal to track consortium loansBanks plan to launch a common portal to monitor consortium loans, sharing data such as audit reports, borrower responses, stock statements,...
- Banks mull consortium loans to MFIs
Worried over microfinance institutions’ future profitability, banks want to diversify their risks by lending to the sector in a consortium.