Hinduja Group firm IIHL, the successful resolution applicant for takeover of debt-ridden Reliance Capital (RCAP), on Monday filed offer documents to raise Rs 3,000 crore through non-convertible debentures (NCDs), according to sources. The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process … Read more
Low cost carrier SpiceJet has said that Carlyle Aviation Partners — the aircraft financing unit of global private equity giant Carlyle Group — will convert a portion of their debt into equity. The agreement allows restructuring of certain aircraft lease obligations of SpiceJet aggregating to $137.68 million which upon settlement/waivers will be adjusted to $97.51 … Read more
Adani Enterprises’ Rs 400 crore public issue of debentures, which opened on Wednesday, was oversubscribed by around 221% on Day two, driven by heavy participation from retail investors. The non-convertible debentures (NCDs) will have an effective annual yield ranging from 9.25% to 9.90%. The issue will close on September 17. “Demand for Adani Enterprises maiden … Read more
